“We are modestly positive on risk assets," said Scott Thiel, chief fixed income strategist for BlackRock Investment Institute, citing as reasons a nudge higher in growth in the first half of 2020 and an
improvement in the"mood music" around protectionism.BlackRock was turning neutral on U.S. equities, was modestly underweight European equities and underweight European government bonds, said the firm at a media briefing.
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