In keeping with analysis from Hargreaves Lansdown, Rising Markets or Japan recorded double-digit falls in traders’ confidence (-14% and -11%, respectively), with North America down 13%.
HL’s head of fund analysis Victoria Hasler mentioned the modifications got here in opposition to the backdrop of a newly put in US president, coupled with geopolitical instability, battle and the “potential for commerce wars”.
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In Hasler’s view, because the macro grew to become more and more unsure, “traders have retrenched into what’s most…