IMF Economic Upgrade a Win For Equities

Ben expects the recent upgrade of International Monetary Fund's (IMF) global economic growth forecast to be good for equity prices. Meanwhile, he does not expect IMF's downgrade of US growth to have impact on the American markets. He says the catalyst in terms of US markets would be the upcoming corporate earnings.

The IMF recently upgraded its global economic growth forecast for 2017 to 3.6%, and to 3.7% for 2018. This is driven by a pickup in trade, investment, and consumer confidence. Forecasts for euro zone, Japan, China, emerging market Europe and Russia were all revised upwards.

We also talk about oil prices, Catalonia and Japan.