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Markets could see tactical rebound at end-2018

US economy can remain in late-cycle phase for a while; EM growth expected to rebound, says JPMAM strategist

Published Thu, Oct 18, 2018 · 09:50 PM

Singapore

ALTHOUGH market sentiment has been weak, markets could enjoy a tactical rebound at the end of this year and the start of 2019 following the US mid-term elections on Nov 6, JP Morgan Asset Management (JPMAM) said in its market outlook for the fourth quarter of 2018.

"2018 has been a challenging year for markets as investors remain cautious amid slowing economic growth, dismal returns in emerging markets (EM), as well as risks posed by escalating trade tensions between the US and China," said JPMAM global market strategist Jasslyn Yeo, in the report released on Thursday.

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