SNAPSHOT2 min read

Janet Mui: weekly economic update 22 November

What next for US-China trade talks? And while UK data continues to reflect uncertainty, in Europe there are positive signs of stabilisation.

22/11/2019
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Authors

Janet Mui
Global Economist, Cazenove Capital
  • Markets have rallied on the expectation of progress in US-China trade discussions. While talks continue, we do not think a comprehensive deal will be struck.
  • Purchasing manager survey data released this week suggests both manufacturing and service sectors are contracting in the UK.
  • In Europe the picture is brighter: weakness in German manufacturing is starting to improve. This and other indicators support our view that the global economy is stabilising as we head into 2020.

Authors

Janet Mui
Global Economist, Cazenove Capital

Topics

The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.