Compass

Compass April 2014

Compass April 2014

  • 07/04/2014

Geopolitical risk has become more visible in the last month, but the West’s recovery looks more resilient and emerging economies continue to expand solidly. We still expect a slightly faster-growing and more synchronised economy in 2014, and see this – together with relative valuations – favouring stocks ahead of bonds.

Macro update: weather report
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