全球波动性会回归吗?对当前全球的一些潜在冲击事件的梳理。
Return of Volatility Has Assets on Knife Edge: Markets Live 2019
By?Garfield Reynolds
(Bloomberg) –?
Volatility will continue to climb as trade wars, rate cuts and sagging global growth shake markets.
The revival in?volatility?over the past two months has been swift, and came even as some key geopolitical risks — Brexit and Italy — cooled, and central banks moved decisively into easing mode
(For a podcast expanding on the outlook for volatility,?click here)
Price swings intensified as complacency evaporated in the face of the sharp decline in global trade and its implications for the broader economy — Citigroup’s?Global Economic Surprise Index?has extended its record run below zero (436 days and counting) and the JPMorgan?Global Manufacturing PMI?slid into contraction
Trump has been ramping up his rhetoric on fronts old and new — from China to Mexico, Iran and beyond. His Mexico moves roiled markets, spurring concern from economists about greater U.S. recession odds. Meanwhile, Treasury Secretary Steven Mnuchin?warned?another government shutdown was possible
The U.S. president has plenty of company in keeping traders on edge. Italy’s populist government is going head to head with the EU, France’s yellow vests are still active and hard Brexit fears are poised to reignite with a new U.K. prime minister coming just months before October’s deadline
Centra
