A trader on the floor of the New York Stock Exchange on September 16. Photo: AFP
Kerry Craig
Opinion

Opinion

Macroscope by Kerry Craig

Markets lifted by US-China trade and Brexit breakthroughs but deep economic risks remain

  • Receding political risks look likely to keep market spirits up for the rest of 2019 but be warned: global growth continues to slow and corporate investment remains weak while the props for growth – reforms, tax cuts, fiscal spending – look shaky

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A trader on the floor of the New York Stock Exchange on September 16. Photo: AFP
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The Charging Bull statue near the New York Stock Exchange. The bull run has taken on death-defying qualities. Photo: Kyodo
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Stock markets cannot be the only sun at the centre of the economic universe

  • Central banks have been complicit in keeping stock markets revved up and feeding asset bubbles, but with monetary policy near exhausted, fiscal stimulus will have to take over. Expect an end to the bull run

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The Charging Bull statue near the New York Stock Exchange. The bull run has taken on death-defying qualities. Photo: Kyodo
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