Top News | Oct 13, 2015

China imports slump

China’s imports extended the longest losing streak in six years and retreated -17.7% from a year earlier and the 11th month in a row. Stock markets in Asia opened in the red with Japan being down -1% after yesterday’s holiday. Equity markets in Europe mainly closed in the red yesterday and ended a six-day run of gains, while the equity sessions in the Americas ended more or less flat on lower volumes due to Columbus Day federal holiday. Bond markets were closed in the U.S..

Asset Allocation Strategy Q4/2015

World economy - fragil, but on course

Overall our tactical asset allocation for Q4 sees world economy increasingly fragile but should stay on course – China turmoil and emerging market weakness are actually more significant than geopolitics. The inflation potential is mitigated by overcapacity, high debts and low commodities prices. More insight into our currently marekt view can be found in the complete Asset Allocation Strategy.