Resumo do Relatório
Watch the GDP revisions: Eye on the World 29/09/20
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Markets tentative rebound continued, led by cyclicals, but focus on key first US presidential debate, and long-shot fiscal stimulus talks. We believe election volatility is significantly priced.
HOT TOPICS highlights the importance of continued GDP forecast improvement, to support broadening EPS recovery, with 90%+ correlation between two. US and select EU and EM led modest GDP upgrades so-far, but fragile to rising virus cases and withdrawing fiscal support, with G-4 Markit PMI annualised GDP and US NOWCast Q4 forecasts both easing.
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.
