Via Reuters

Latest from Fitch ratings

  • Global growth outlook cut on US China trade war
  • World growth is now less synchronised and less balanced
  • US tariffs of $200bln of imports from China will have material impact on Global Growth
  • Protectionist US trade policies has now reached tipping point where it will affect what remains a strong global growth outlook
  • Trade war is now a reality (It was a battle earlier, wish they could keep running with the same term)
  • Near term global growth prospects remain strong, but demand strongest in the US
  • Fitch have now included 25% tariff shock in it's Geo baseline. Downside risks have increased
  • QE assets of FED, ECB, BOJ and BOE set to decline in 2019
  • Rising cost of funding in US dollar is likely to continue to create pressure for borrowers in Global Credit Markets
  • Fed gaining confidence to increase rates and reduce balance sheet. See's 3 further rate hikes in 2019

more to come