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Strong Economy And Low Rates Continue

Published 12/15/2017, 07:46 AM
Updated 05/14/2017, 06:45 AM

Recent economic data releases support our view that the global expansion continues, not least in the euro area, where PMIs have been very strong in Q4.

It is too early for markets to price out Brexit risk just yet but it is positive that negotiations are moving forward.

Central bank meetings support our view that global monetary policy tightening will be gradual.

The environment is positive for risk assets such as equities - we believe EUR/USD will move higher and yields will stay low.

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