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 30000+ 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 €10,99 per month, unless cancelled.
Upgrade for €1.09
Then just €10,99 / month. Cancel anytime.
Learn more
Pocketmags Digital Magazines
Pocketmags Digital Magazines
   You are currently viewing the Italy version of the site.
Would you like to switch to your local site?
Leggi ovunque Read anywhere
Modalità di pagamento Pocketmags Payment Types
Trusted site
A Pocketmags si ottiene
Fatturazione sicura
Ultime offerte
Web & App Reader
Loyalty Points

Man FRM Early View

March 2018



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.

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.