Daily Archives: Jul 2, 2019 at 07:01 am EDT

Risk Premia Forecasts: Major Asset Classes | 2 July 2019

The expected risk premium for the Global Market Index (GMI) edged up in June, rising to an annualized 4.8%. Today’s revision reflects a modest gain over last month’s 4.5% projection. GMI is an unmanaged market-value-weighted portfolio that holds all the major asset classes (except cash). The performance estimate for the benchmark represents the ex ante premium over the projected “risk-free” rate for the long term.
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Macro Briefing: 2 July 2019

US considers imposing new trade tariffs on Europe: WSJ
China condemns violent Hong Kong protests: Reuters
Slowdown in worldwide growth has been ‘deeper than expected’: BIS
Roubini, aka Dr Doom, sees global recession by 2020: Bloomberg
OPEC extends oil production cuts by 9 months: CNBC
US investment in private construction fell to 2-year low in May: CNBC
Global mfg sector contracts for second month in June: IHS Markit
PMI survey data point to sluggish growth in US mfg sector: IHS Markit
US ISM Mfg Index reflects slowest growth in over two years in June: MW