MARKET OUTLOOK

31.12.2018: Continuing geopolitical problems, the weakening of the world economy, as well as interest rate hikes in the US, have hit equity investors hard in these three final months of the year. In December, the general uncertainty has created additional selling pressure, anticipating a possible global recession in the next 6 to 12 months. The trade dispute, the uncertainties about the Chinese economy, tighter monetary policy, high international debt, Brexit, insecurities in Europe, as well as the statements of the US President have strongly affected the sentiment of market participants.