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The Global Recovery - Glass Half Empty Or Glass Half Full?

Published 03/10/2017, 05:12 AM
Updated 05/14/2017, 06:45 AM

Equity markets have taken another leap higher as we had called for.

However, fixed income and oil markets seem less bullish on long-term growth prospects, as the yield curve has flattened in the US and the oil price has plummeted. We expect equity markets to lose some momentum in coming months.

However, an emerging capex boom could provide further momentum for equity markets in coming months.

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