JPMorgan survey shows consensus over weak dollar, US stagflation

(Reuters) – In the next year, the US economy is a much higher risk than the decline in the US economy, while in 2025 the most projected asset class is in cash.

The trading war that started by Donald Trump’s US administration is seen as a policy on the world’s largest economy.

Three of the five respondents believe that US economic growth will play, and inflation will remain 2% of the Federal Reserve, during which one or five respondents expect higher inflation.

There is also an agreement on the weakness of the US dollar, the majority expects the euro above $ 1.11, to complete the year, at least 8% decline for US currency this year.

“Our meetings were noteworthy for the differences between the views between the United States, compared to global investors on the consequences of the change in the United States regime.

The cash is expected to remain expensive, as the 10-year-old note yields do not fall asleep that it is very decline from current levels. More than half of the respondents believe that the benchmark yield will be 4.25% to 2025.

Almost half of the respondents expect to stabilize the prices of the kiosk oil not far from the current prices of $ 66 per barrel, and 10 below $ 60 or below $ 60.

In the case of 13%, more investors are betting that the developing stocks of the market will surpass other assets courses than 9% who believe that developed shares believe that developed shares believe that developed shares thinks.

Fifty-seven percent of respondents expect Wall Street shares, this year’s largest leakage assets class.

ESG’s contribution used 30% to maintain their strategies, while 42% did not show any interest.

JPMorgan’s research was conducted on April 1-24, and 495 investors answered the bank.

(Report of Rodrigo Campos: Editing by Sandra Maler)