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J. Safra Sarasin downgrades export-oriented market forecasts

Despite robust earnings growth across major economies, J. Safra Sarasin has downgraded its forecasts for most export-oriented equity markets on account of trade tensions. “The impact of tariffs on economic data and company earnings is likely to remain modest in 2H18 so that any negative market impact will most likely be felt through lower equity valuations,” J. Safra Sarasin said….

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