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By Andrew MILLIGAN, Head of Global Strategy, Aberdeen Standard Investments
Central banks have made their moves. Politicians have delivered key announcements. What do these mean for financial markets for the rest of the year and into 2020?
On 31 July, the US Federal Reserve announced its first rate cut in a decade, and hinted more could follow. Earlier in the month, the European Central Bank signalled another U-turn; it could see both rate reductions and renewed quantitative easing in the coming months. At the start of August, President Trump surprised markets with the announcement of a new round of tariffs on consumer goods if trade talks with China did not reach a speedy conclusion.
It is no surprise that the tariff news caused...
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