Swiss Economicblogs.org
Weekly View Pictet Wealth Management’s near-term view on the economy and financial markets18 October 2016.Last week saw profit-taking on equity markets. Chinese export data unsettled Asian markets (the MSCI Asia ex-Japan fell 2.4% in local currency), but had no notable effect on developed markets (the S&P500 lost 1% in local currency while the Stoxx 600 edged up 0.1%). Cyclicals did better than defensives.A turnaround in earnings growth forecasts following several disappointing years...
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