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CIO UPDATE
13th September

Good Prospects Until Year-end

   
Equity markets performed very well in the summer months, with many indices reaching new highs. Although a setback is possible at any time, we expect the prospects to remain good until the end of the year. The economic environment is robust and corporate earnings should continue to surprise on the upside. In Asia, growth is likely to pick up again in the fourth quarter after a period of weakness, resulting in improved sentiment. The main risk remains high inflation rates, which could lead to discussions among central banks and a more restrictive monetary policy. However, this issue is unlikely to become a serious problem for equity markets this year but much later.
CIOupdateSep21

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