The Pulse The US economy is generally performing well, although recent GDP and PMI figures indicate growth is slowing, and February’s payroll numbers disappointed. Much of the bad news coming from China appears to have been priced in, with markets largely unperturbed by the latest downward move in China’s growth target. Markets appeared satisfied with […]
Market Update – November 2018
The Pulse US economic growth moderated in the September quarter but is underpinned by strong consumer spending growth. The IMF recently downgraded its forecast for global economic growth, partly reflecting the US-China trade war. In Australia, business conditions remain relatively robust while labour market conditions continue to show signs of underlying strength. Chinese GDP grew […]
Market Update – October 2017
The pulse • Economic data released over the past month has continued to give investors optimism that the global economy is experiencing synchronised growth for the first time in many years. • Investor concern over tensions between the United States and North Korea has subsided. • Early economic indicators from the United States suggest that […]
Market update – August 2017
The Pulse In a relatively quiet month for economic and policy news, global equity prices rose, helped by corporate earnings reports in the United States and Europe that were relatively strong. The US Dollar fell 2.9% against a trade weighted basket of currencies as the “Trump Slump” continued. Over the month the lower US Dollar, […]
Market Update – July 2017
The Pulse In June markets were influenced by political developments in the UK and US and more hawkish commentary from central bankers suggesting that soft inflation is only transitory. European equities lost 2.8% in June after two Italian banks were bailed out by the Italian government and ECB President Draghi hinted at tighter monetary policy. […]