Global markets will return to normality in 2019: Goldman Sachs

Singapore

THE new year will bring about a return to "normality" for global markets, but volatility will be up without the "comfort blanket" of quantitative easing (QE), said Goldman Sachs Asset Management's (GSAM) head of international market strategy, James Ashley.

"We don't have central banks there to backstop the system in the same way (in future). And you know what? That's normal. QE by definition is not normal. It's a non-conventional policy," London-based Mr Ashley said during a press briefing outlining the investment bank's 2019 global outlook.