Trumps handelskriger fortsatte å dominere nyhetsbildet i mai, men bildet var av en general på en vikende front. Trumps «Liberation Day» den 2. april hadde vært en flopp. Den negative reaksjonen i finansmarkedene ledet til at det «handelspolitiske manifestet» hans ble underminert og de foreslåtte tariffene utsatt i 90 dager. Reaksjonene hadde svingt mellom vantro og frykt. - Skrevet av makroanalytiker Svein Erik Førre

The US-led global order of Pax Americana is being rebooted by the Trump administration and replaced by a multipolar world.

Many have concluded that the US is the promised land while Europe is a wasteland. While there are many reasons to be impressed by the US, investors should not disregard the Old Continent, Europe.

A more fragmented and regional world challenges previous global investment paradigms – and increases the need for active and forward-looking capital allocation.

Some investors have written China off. Some even consider the country uninvestable. However, many Chinese companies now lead their global sectors with promising prospects.