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.