World economy- Complex
US is stable growth, 2.5. Retail consumption is strong.
China is a little disappointing but still ok, tracking 6% growth.
EU is dragging, disappointing number in the past consecutive three months.
JP is still holding the view of four hikes…. though the mkt expectation is two Gil’s next year.
JP believes that there should be some mkt stabilization next half and let’s wait for the mkt performance next year.