| Equities could see a lift, but it’s bad news for oil exporters. Looking ahead to 2015, there’s plenty for markets to fret about. Rate hikes in the UK and US are a near certainty – after years of extraordinary monetary stimulus that propped up asset prices and kept sovereign bond yields low – as are continued worries over the fallout from an economic slowdown and possible “hard landing” in China.
The Bank for International Settlements, meanwhile, known as the central bankers’ bank, yesterday issued a warning over the “growing fragility” of global markets, especially as an increasingly strong dollar makes dollar-denominated loans in emerging markets more expensive to repay...............................................Full Article: Source
|