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By Joost van Leenders, Chief economist, Multi Asset Solutions team - BNP Paribas Investment Partners, Amsterdam
In the US, the economy and company earnings have helped equity markets touch record highs. Bond yields have fallen globally. We see a fairly positive investment climate for risky assets but prefer fixed income, particularly European high-yield credit and local currency emerging market debt.
Monetary policy has been a dominant force in financial markets. What is your view for the coming months?
Global equity markets have climbed the wall of worries about geopolitical risks and disappointing economic numbers in recent months, although reactions have varied at times and across regions. It looks like monetary policies in major...
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