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
October launch for new products
US 30-year Treasury plunges to record low
Brexit uncertainty continues to act as a drag on the UK economy, holding back business investment and undermining consumer confidence.
Europe faces several challenges, specifically German manufacturing, trade wars and Italian budgetary pressures.
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.
Which asset classes will benefit?
Trade wars and Brexit could hamper recovery
Spread of new technologies
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
Average rate hit nearly 1.5% in May
In the first half of 2019, the uncertainty surrounding Federal Reserve policy and US-China trade negotiations affected the outlook for all asset classes including global small-cap stocks.
Global economic cycle is among the longest in history
Global macroeconomic indicators have undoubtedly become softer, as the US nears full employment and Europe's manufacturing sector continues to suffer from the effects of weaker trade with China.
Technology and politics among key themes