Argentina: 5 Key Questions
The unexpected and shocking defeat of President Macri and his center-right party in the Argentine primaries on August 11 has led to a significant repricing of Argentina assets. In addition to providing revised macro forecasts given PGIM Fixed Income’s base case that the Fernandez ticket wins the October election, we provide perspective on 5 key questions regarding how events may unfold in Argentina going forward.
The ECB Steps Toward September Easing
In this piece, PGIM Fixed Income explores a package of easing measures the ECB will likely initiate in September 2019. In sum, a first rate cut in September combined with tiering is all but a foregone conclusion. A decision on asset purchases is now highly likely, but it may come only in December, depending on how quickly a consensus can be forged.
3Q19 Outlooks & Reviews: Investment Opportunities Amidst Prolonged Economic Uncertainties
Increased trade tensions, market volatility and dovish federal policies have left investors with many uncertainties about the months ahead. PGIM experts cut through the noise in our latest quarterly outlooks.
The Next Chapter in the U.S.-China Trade War
With President Trump and President Xi agreeing to restart trade negotiations, our baseline remains that the both face compelling incentives to resolve the conflict. Trump needs a strong economy and a rising stock market leading up to the presidential election in November 2020. Xi has the dual of objectives of hitting his 6.0-6.5% growth target and avoiding further accumulation of debt and leverage in the economy. Given this backdrop, we see four scenarios as to how the trade talks might proceed over the next year.