As early October optimism fades, equities rely on risk premium
LONDON: The dark clouds of a slowing global economy and weak corporate earnings are gathering again over world stock markets, but rock-bottom bond yields leave few attractive alternatives and may sustain investment flows into equities.
After one of the worst quarters for global equities in four years and the lowest year-to-date investment returns since 2008, early October saw a sharp rebound that confounded economists now warning of another global economic recession next year.
After one of the worst quarters for global equities in four years and the lowest year-to-date investment returns since 2008, early October saw a sharp rebound that confounded economists now warning of another global economic recession next year.
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