Look out for these 10 grey swans in 2017
Nomura identifies 10 unlikely but potentially disruptive events that could up-end your plans for the year
Istanbul/London — Markets’ black swans are rapidly turning gray. Brexit, the election of Donald Trump and a faltering bull market in bonds have all helped elevate analysts’ 2017 tail risk predictions from the status of colourful festive reading to a cause for sleepless nights. Analysts at Nomura are the latest to throw their hat in the ring — warning investors to be prepared for "unlikely but impactful events" including the possibility of capital controls in emerging markets, a long-elusive pick-up in Japanese inflation and a Federal Reserve at loggerheads with the US government. "Needless to say, none of them are our base case," the analysts say. Of course, investors scarred by the turmoil of 2016 know that doesn’t necessarily mean that they won’t happen. Here are Nomura’s 10 events that could end up roiling your 2017. 1. Russia on the warpath A staple of gray swan lists since Vladimir Putin’s annexation of Crimea two years ago, Russian military aggression in Eastern Europe remains...
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