At the 2020 Cash & Treasury Management conference, Andreas Steno Larsen, Senior Global Market (FX/FI) Strategist at Nordea Markets, gave his assessments of the major policy implications for the Treasury function. In this post, you can read Andreas Steno Larsen’s elaboration of his talk as well as watch his 18 August 2020 presentation on video.
The trade war has entered a cease fire ahead of the US election but we don’t buy the substance of the deal. China will struggle to comply with the deal elements and the situation could easily escalate again on the other side of the election. The big question is whether Trump will get four more years. China certainly hopes that he doesn’t.
Green new deal is a hot topic in the Euro area and also among certain Democratic candidates in the US. Investors might want to front-run such green new deals – especially if they are financed via tax payer/central bank money. The European Central Bank will launch a strategic review and one of the key topics is how to support the green agenda via monetary policy. How can Corporate Treasuries position themselves in this question?
Andreas Steno Larsen, Senior Global Market (FX/FI) Strategist, Nordea Markets
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