Menu
The transaction follows a review of the Group’s strategic participations and the conclusion that Wergen & Partner Wealth Management Ltd can develop best under the ownership of the existing and future management team.
Norbert Rücker, Head Economics and Next Generation Research and Sok Yin Yong, Fixed Income Analyst Asia, give us all the main takes of the week from those markets.
First results are out. Until we have a clear win, and this may take until Friday, we should expect markets to be volatile and trade on election outcome news.
Going forward we expect the beats proportion to stay at current levels and positive Q2 consensus revisions in combination with improving forward looking statements, which should support global equities.
A victory for Joe Biden would only have a moderate impact on equity markets, as S&P 500 earnings for 2021 would probably remain unchanged under a Biden presidency.
The better-than-expected data indicates a normalisation of foreign demand as many countries have started to ease their lockdowns and reopen their economies.
Themes
Book now