News & analysis


Ranko Berich, Head of Market Analysis at Monex Europe, talks to Estrategias de inversion at the Madrid Stock Exchange about the greatest current risk to the eurozone economy… the US-China trade war.

With the eurozone economy slowing amid declines in global trade and Brexit woes, the trajectory and outcome of the US-China trade war is the key source of uncertainty for financial markets. Should tensions escalate further, Ranko believes we could see a significant change in the outlook for G10 and emerging market FX. However, improving global growth prospects in 2020 with an improvement in US-China trade would prove positive for the euro.