Shopping Cart -

Your cart is currently empty.
Upgrade to today
for only an extra Cxx.xx

You get:

plus This issue of xxxxxxxxxxx.
plus Instant access to the latest issue of 340+ of our top selling titles.
plus Unlimited access to 29000+ back issues
plus No contract or commitment. If you decide that PocketmagsPlus is not for you, you can cancel your monthly subscription online at any time. Auto-renews at $13.99 per month, unless cancelled.
Upgrade for $1.39
Then just $13.99 / month. Cancel anytime.
Learn more
This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
CA
Pocketmags Digital Magazines
   You are currently viewing the Canada version of the site.
Would you like to switch to your local site?
Read anywhere Read anywhere
Ways to pay Pocketmags Payment Types
Trusted site
At Pocketmags you get
Secure Billing
Great Offers
Web & App Reader
Gifting Options
Loyalty Points

Man FRM Early View

March 2018

COMMENTARY

Markets

Markets spent most of March on the back foot, as discussions around inflation and higher rates were replaced by new concerns of a potential trade war between the US and China. At least some of the actions from President Trump can be written off as purely posturing, not least certain tariffs which are expected to hurt US business more than help them and the flip-flopping between an aggressive stance one-day and a host of exemptions and a more conciliatory stance the next. But on the broader message of protecting America’s interests, he has been, at least for him, remarkably consistent.

Either way, markets are sufficiently jittery following the sell-off in February to not react well to developments that might hamper growth and risk stoking the already-smoldering fire of inflation. At least a talk of a trade war makes a refreshing change from talk of a nuclear war. The de-escalation of tension around North Korea and announcements of dialogue between Kim Jong Un and (separately) South Korea, the US and China, means that most of the ‘good news’ around the easing of geopolitical tension in the region is probably now in the equity market price. In our view, it is hard to see how the US/North Korea talks can lead to anything material – since Kim is unlikely to give up his only bargaining chip, his nuclear program – and the risks of this unravelling in the face of more jittery markets should not be underestimated.

READ MORE
Purchase options below
Find the complete article and many more in this issue of -
If you own the issue, Login to read the full article now.