Art of the (phase one) deal
15 October 2019
Suddenly, it looks like there is progress on two of the big geopolitical risks of the moment. Risk assets rallied in response even as global growth concerns continue to mount and reported earnings growth remains muted. Following a meeting between the prime ministers of the UK and Ireland, an orderly Brexit seems possible after all. More importantly, there has been progress on resolving the trade dispute between the world’s two largest economies, the US and China.