Resumo do Relatório
All-time high corporate debt: Eye on the World 17/07/20
Markets eased on all-time high US virus cases and stalling labor recovery, with key EU meeting starting today. Q3 a ‘Consolidation+’ phase.
HOT TOPICS revisits historic high corporate leverage, up US$4.6trn globally in Q2 alone, and now higher than government and household debt. Remains driver of relative equity performance and our quality growth focus, as high yield universe has grown, yield spread widened, defaults could double vs expectations.
16-page daily includes: Market recap and What to watch; Hot Topic analysis; Country and Sector allocation eye; Key views; US and global performance, valuation, earnings, and macro forecasts; and report Library