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Global growth appears to have remained above average through the first half of 2018, but with our leading indicator pointing to a moderation in coming quarters, we think that this will represent the peak for this cycle.
Markets turned on their head a little today, as the possibility emerges of trade talks between the US and China before the end of the month.
Growth remains above trend, but risks a concern.
The US dollar and equities are on the rise and EM currencies teetering on the edge of a bearish market.
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