Positive outlook: A pedestrian walks past a panel showing the HSBC lion at its headquarters in Hong Kong. HSBC, for one, is convinced the US dollar will rebound and its FX team on Tuesday retained their standing US$1.10 euro/dollar forecast. — Reuters
IT was the big idea at mid-year but already there’s some trepidation that a Transatlantic switch from US to European equities may have jumped the gun.
Half way through one of the most tumultuous years for the global economy and markets many investors felt a blanket worldwide recovery trade should be replaced with more regional discrimination and several funds recommended a switch to European equities from pricier Wall Street stocks.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
