European credit markets were hit this year by the rise in global trade tensions, a sudden spark in equity volatility and further political risks in Europe, mainly Italy.
Focus on monetary policy not politics
Raised by 25 basis points to 0.75%
Central banks and multi-asset in the spotlight
Rate rises will be slower than predicted
'Protectionist wave' big risk
Trade wars a key risk
Making capitalism work for all
This year has seen the return of market volatility, with the CBOE Volatility Index (VIX, the 'Fear Index') having averaged 16 for the year so far.