You will be able to download all slides in power point for this report
and all data is available excel

The US markets strongly up YTD

Emerging markets diverge and decline

FED taper plans is one negative future event hanging over the markets

New COVID economic after effects in some countries

Reemergence of economic troubles all thought are gone by now

China corporate Eurobonds increasingly trading at default levels for some property developers and SOE

Increased political tensions between the US and China adds more gloom

Awful a lot of weak spots on the map of war conflicts

The biggest weak spot is Afghanistan

Afghanistan is a new old threat to spill over

Azerbaijan aggressive stance causes new worries

And last but not least are global inflation rates

New format Olympic Games was a source of some positive for awhile recently

US infrastructure spending plans also a positive

China One Belt continued push in South Asia and its marine route through Indian Ocean also positive

Credit expansion and fintech developments another good one

As well overall increase in digitalization in the aftermath of COVID

Yet it looks that there are still less positives than negatives

August vacations kept many decision makers away from computer keyboards and not able to push sell buttons yet