Europe: Caught in the Crossfire of a Global Trade Downturn

European corporates are plagued not only by geopolitical uncertainty but also by political challenges at home, says JPM's Karen Ward

J.P. Morgan Asset Management 14 December, 2018 | 9:29AM

This article is part of Morningstar's "Perspectives" series, written by third-party contributors. 

What exactly went wrong in 2018? Markets started the year full of optimism. The US economy delivered stellar performance, buoyed by tax cuts, which caused a surge in both growth and corporate earnings. The unemployment rate hit an almost 50-year low.

2018 investment returns were hampered by trade war

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J.P. Morgan Asset Management  is the investment arm of JPMorgan Chase & Co. and it is one of the largest active asset managers in the world.

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