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  • SMC Growth PMS Newsletter-Dec19

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    10 views7 pages

    SMC Growth PMS Newsletter-Dec19

    Uploaded by

    Finogent Advisory
    Fgdx xs

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 7
    PORTFOLIO MANAGEMENTSERVICES NEWSLETTER [§) ACCELERATE YOUR W WEALTH SMC GROWTH PMS December, 2019 Seti! ey Global ‘SMC Global Securities Limited Cee end The FED is expected to hold the rates post third consecutive interest rate cut uring 2019 ints October meeting as indicated through its commentary missing the pledge to act as appropriate to sustain expansion. The FED shall monitor the data and act accordingly. The US growth is being closely watched as the slowdown is still a serious threat with US-China trade dispute remains pending and may take slight longer time than expected earlier arid continued rhetoric ‘on both side. The trade war and other global uncertainties like pending Br-oxit, Iran situation and Gulf crisis are expected to hit global growth in 2019 & 2020 as ‘growth estimates are already lowered by World Bank and IMF. All this is ‘expected to force the central bankers across the world to continue with easy monetary policy Euro zone seems to be in prolonged slowdown with pending Br-exit resulting in lot of uncertainty both for UK and Euro zone. UK parliament election will be held in mid December and if current PM Mr. Boris Johnson returns with majority the Br-exit resolution may take place by extended timeline of 31st January, 2020. However the UK brutal exit from Euro zone in case of no deal is expected to ‘damage the sentiment further. The Chinese economy is slowing down and may get further hit amid escalating trade war with US If dispute is not resolved soon. The uncertainty due to trade war between US and China shall continue and volatile currency markets can pose substantial risk to global growth if reconciliatory measures are not taken. Japan's economy grew at the slowest pace in a year in the third quarter as the U.S.-China trade war and soft global ‘demand knocked exports, keeping policymakers under pressure to ramp up fiscal and monetary stimulus to bolster a fragile recovery. Moreover, the IMF) ‘rimmed Japan's fiscal 2019 GDP growth forecast to 0.8% from 0.9% due to the slobal economic slowdown. The IMF noted that Japan's economy has been resilient despite the falloff in export demand and suggested that the ‘government should not tighten its aggressive spending stance fora time, According to IMF, global debt has surged to a new all-time record equivalent to more than double the world's economic output i © to $188 trlion. The currency markets were range bound and less volatile however the danger of rade war spilling over to currency markets stil continues unless trade disputes are resolved in its entirety. As the global growth already estimated to decline and currency markets turing volatile may prove to be further disaster for the world Se eee CG ee December, 2019 . Tm wet 2 F¥2018:20 GOP growth a 4% ws on expected tne bt D ome st JC Reed ey nang, Te 02 60% gon wos nowt nat 8 gestae ot test oF 1 cuameioe in mantocsing we) ower pie

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