The Pulse Inflation continues to creep higher and is close to or at 2% in major developed markets, although core measures of inflation remain below target Despite slower-than-expected March-quarter growth in the US, there are signs of a stronger June quarter, including improved consumer spending and business investment Tariff threats between the US, China and Europe […]
Market Update – May 2018
The Pulse The global economy lost some momentum in the March quarter, but fundamentals remain robust US core inflation measures are rising, which is flowing through to longer-term expectations and pushing yields higher The threat of a trade war between the US and China continues to be a source of significant uncertainty for markets Australians […]
Market update – April 2018
The Pulse The global economy is maintaining momentum and inflation is gradually moving higher in line with central bank targets Growth in US average hourly earnings is still not showing conclusive evidence of a sustained pickup in wages The threat of a trade war between the US and China is creating significant uncertainty for markets […]
Market Update – March 2018
The pulse Perhaps paradoxically, February’s market turmoil was a response to signs that the global economy is reducing slack US employment and wage indicators led investors to take a more “inflationist” view, with a rise in yields pre-empting future Fed tightening Price pressures in Europe also appear to be picking up, with PMIs pointing to stronger economic […]
Market Update – January 2018
The pulse The global economy is benefiting from a broad based, cyclical recovery, supported by higher levels of investment and accommodative monetary policy The US economy ended 2017 on a slightly shaky footing, although the overall employment situation continues to improve and the bond market is anticipating further rate hikes Growth in Europe continues to […]