Macro News
Global: After a brief consolidation in the beginning of the year, long-term interest rates have started to fall again amid high uncertainty associated with the trade dispute. Leading indicators are still showing weakening signs of the global activity; for instance, South Korea exports fall by 21.8% for the first 20 days of September, their biggest drop in a decade (with exports to China down nearly 30%). The BIS published their quarterly report over the weekend, confirming that a range of indicators are showing rising risk of a potential recession in the coming quarters