We Are a Bit More Optimistic on Global Economy in 2H, Says HSBC’s Balboni

The video discusses the global economic outlook for 2019, highlighting optimism for the second half of the year due to fiscal stimulus in China and potential recovery in the US. It explores the possibility of a Fed rate hike in September, which could be the last of the cycle, and its implications for Treasury yields. The discussion also covers future rate cuts in 2020 and their impact on the dollar and currency markets, emphasizing the dollar's strength in a relative world where other central banks have limited room to maneuver.

What is the expected economic trend for the second half of 2019 according to the transcript?

• Continued decline in global growth

• Improvement due to fiscal stimulus in China

• Rapid growth in the first quarter

• Stagnation with no significant changes

What is the anticipated timing for the last Fed rate hike of the cycle?

• June 2019

• March 2020

• September 2019

• December 2019

What is the expected trend for 10-year Treasury yields after the last Fed rate hike?

• Fluctuate unpredictably

• Significant increase

• Significant decrease

• Remain lower for longer

How is the dollar expected to perform in comparison to other currencies?

• Weaker than the euro

• Unpredictable due to global uncertainties

• On par with the yen

• Stronger due to limited options for other central banks

What is the target for the euro-dollar exchange rate mentioned in the transcript?

• 1.10

• 1.05

• 1.15

• 1.20