Stock market quotes, forex, financial news, forex tools – money-investing.com

Citi expresses its view: the trade war reduced assets by 10%

 Breaking News
  • Global demand for oil grows The International Energy Agency (IEA) has published a very interesting study. So, in the next five years, global oil demand will grow about 1 million b/d every year. This means...
  • Tesla to build its fourth factory Elon Musk said that the company was planning to build the first plant in Europe. The German capital has been chosen for this purpose. It will be the fourth plant...
  • Facebook Pay is new payment system of famous social network The well-known company Facebook has announced the launch of its own electronic payment system Facebook Pay. Through the company’s official blog, we have found out that the service will operate...
  • Amazon to open a new supermarket chain in the States Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes...
  • Energy Market News Today, at 8 a.m. Moscow time, Brent crude futures rose $ 0.14 (or 0.23%) – to $ 62.32 per barrel. We recall that yesterday the asset price lost 0.53% ($...
Citi expresses its view: the trade war reduced assets by 10%
December 07
13:00 2018

According to David Beilin, head of the investment department at Citi Private Bank, the assets in the market would cost about 10% more if there was not a trade war between the States and China. The expert believes that next year trade conflicts will remain one of the main risks. He also reminded investors that they should closely monitor the situation with Brexit and Italian banks.

Citi expects that next year the growth rate of earnings per share will slow down about 2 times. The same will happen with the global economy, but it will remain above 3%.
Mr. Beilin noted that the total income of the global market would be 7%, but the figure relating to the debt market – 1%. The expert recommends carefully choosing assets for investment in the coming year.

The conflict between the United States and China began when America imposed duties on Chinese goods worth
$ 250 billion. China did the same.

In the course of the “war” development, the States threatened to increase duties from 10 to 25%. At the G-20 summit, the leaders of the countries agreed that there would be no increase in duties. In exchange for this, China will have to increase purchases of US agricultural products. The agreement must be formulated and finalized within 3 months. If this does not happen, America will raise tariffs, as previously planned.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment