Daily Morning Call
From the Floor: Equities to start strongly in 2018 and then correct — #SaxoStrats
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It's been an absolutely stellar year for equities worldwide but we shouldn't expect a repeat performance in 2018. In FX, the year is coming to a slow close with just slight movements in most major pairs.
- All-Country World Index equities up 30% in 2017
- Cyclical correction of 7% to 10% for equities due in Q1
- Catalan win for separatists is just noise for now
- Euro had a brief and shallow dip on Catalan vote