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Holger Schmiedling, chief economist at Berenberg told IGTV’s Victoria Scholar he thinks the recovery will resemble at tick mark, like the Nike logo.He is optimistic about the outlook for the euro, targeting $1.15 for EUR/USD by year-end. In terms of the equity markets, he says he is still ‘uneasy’ with risks tilted to the downside.
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00:00 – Introduction
00:45 – Commentary on PMI data
02:00 – Tick mark recovery
03:45 – European outlook
06:00 – FX markets
07:20 – Are equities valued fairly at the moment?
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