“A tripolar world led by the U.S., China and the European Union (EU) will impact trade and supply chains, regulations, technology and the role of governments,” Moody’s Investors Service noted in its latest report published Tuesday.
Additional takeaways
“Move to tripolar world economy poses widespread credit risks.”
“Closer intraregional trade will partly offset slowing interregional flows, investment & capital flows will be more influenced by politics.”
Market reaction
The risk sentiment remains tepid amid mixed Asian equities and negative S&P 500 futures, as the escalation in the coronavirus cases in the US continues to overwhelm the market’s optimism on the vaccine progress.
The U.S. dollar index trades 0.16% lower at 92.50. as of writing.
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