With a lot of pessimism seemingly already priced in to China’s “risky” assets, we suspect any further thawing in US/China relations could give them a boost. But we think their longer-term outlook is less rosy. Meanwhile, we don’t think US/China tensions will have much bearing on global “safe” assets – despite China’s still-large holdings of them – which we think will rally regardless.
In view of the wider interest we are also sending this Asset Allocation Update to clients of our Global Markets service.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services