Deep recession unlikely
The worst case scenario for emerging market (EM) equities has started to unfold, turning a potentially positive outlook around by 180 degrees.
Trump's tariff threats could backfire on US citizens
Market signals pose 'dilemma' for investors
US 30-year Treasury plunges to record low
Shifts positioning amid trade troubles
Global equity markets' abrupt sell-off, a fortnight ago now, emphasised equity markets' fragility in the latter stages of a mature economic cycle.
Downturn risk highest in eight years
Entering a 'monetary policy arms race'
Trade wars and Brexit could hamper recovery
Why it is better to stay calm
We are seeing a new bout of deterioration in fundamentals, with earnings revisions worsening and PMIs back on a declining path across emerging markets (EM).
In May, risks of a trade shock sharply rose following US President Donald Trump's increasingly aggressive rhetoric towards China.
Trade tensions with US dragging growth
Clouds of Brexit and trade wars still hang over investors
Global economic cycle is among the longest in history
Re-escalation of trade war tensions could feed end-of-cycle concerns
Fears of a full-blown trade war and slowing economic growth appear at odds with the progress being made by companies around the world.
Technology and politics among key themes
'Markets will need to get used to this'
Investment Conundrums: Hermes IM's Murray on why emerging market assets will fare best in a 'nasty' recession
US markets still not without dangers
Equity markets are being driven by the fact that bond yields have collapsed.