Global / Insights

US debt ceiling, tax reform take centre stage

Chief Investment Office / August 28, 2017
Investors are increasingly buying protection for downside risks
  • Relative underperformance of DM equities continued
  • Failure to resolve the US debt ceiling remains a potential risk event
  • Yellen defended the necessity of financial reforms at Jackson Hole
  • Draghi’s apparent failure to “talk down” the euro drove the common currency higher
  • Euro Area composite PMI beat the consensus forecast in August

US debt ceiling, tax reform take centre stage

Photo credit: AFP Photo

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