Emma-Lou Montgomery (Fidelity Investments) | The pandemic has slowed the global economy, it has also accelerated change in other areas that, in ‘normal’ times, would have probably taken months, if not years to come about and therein lies a source of opportunity for investors in particular. One obvious contender is retail. We are still very much in the midst of it all, but once the pandemic threat has passed sufficiently enough to allow the economy to fully reopen, the differential between high street and online retailers will become even more stark than before the pandemic.

DWS | Trade wars are rarely good, and never easy to win. Instead, they tend to produce economic losses on all sides, causing both short-term pain and long-term damage. Recent trade conflicts between the United States and China may prove hard to reverse, harming U.S. consumers and businesses alike. As our “Chart of the Week” shows, Chinese exports to the United States have held up pretty well in value terms since both sides started to impose tariffs in July 2018.