Risk or Resilience? Midyear Global Market Outlook
The resilience of the markets has been impressive in 2017, as stocks continue to move higher despite geopolitical uncertainty. But potential risks remain.
Power shift
Not long ago, coal provided 98% of the electricity for the pulp-and-paper mills and iron-ore producers around the western edge of Lake Superior, as well as the nearby city of Duluth, Minn. That was 2005. Today, coal use is plunging, and by 2025, it is expected to power just one-third of this region, reports the Wall Street Journal.
Risk or Resilience? Midyear Global Market Outlook
The resilience of the markets has been impressive in 2017, as stocks continue to move higher despite geopolitical uncertainty. But potential risks remain.
Investable Theme: Aging population base driving demand for dividend income
Robert Nightingale, portfolio manager of Ivy Global Equity Income Fund, believes an aging population base is providing fundamental support for dividend-paying equities.
Investable Theme: Increasing web use in China
John Maxwell and Catherine Murray, portfolio managers of Ivy International Core Equity Fund, believe an increase in Chinese internet usage will benefit select companies that have dominant market share or are well positioned for increased usage through their online platforms, payments systems and/or e-commerce services.
Trade pact for Japan and European Union
Japan and the European Union (EU) agreed to a free trade pact on July 6, 2017, to create the world's biggest open economic area and signal resistance to what they see as U.S. President Donald Trump's protectionist turn, reports Reuters.
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