The Latest Analysis

There is a growing dichotomy between the enthusiasm of global equity investors, who are bidding up stock prices to record highs, and businesses, which remain very anxious about their prospects. Global business sentiment remains weak, as has been the case for the past year, and shows no indication of improving. The principal weights on confidence appear to be the U.S. trade war with China and Brexit, although other geopolitical factors may be impacting sentiment, such as the unrest in Hong Kong and impeachment proceedings in the U.S.