01MAY 2019

Economic & Strategy Viewpoint

Economic and Strategy Viewpoint - May 2019

This month we consider the prospect of a "melt-up" in markets, as well as stockpiling in the UK and the economic difficulties facing Turkey and Argentina.


30APR 2019


Eurozone growth rebounds as temporary headwinds fade

The latest GDP figures show that domestic demand has remained resilient.

26APR 2019


Robust US growth figures calm recession worries

Weaker inflation suggests interest rates are likely to remain on hold

25APR 2019


Central banks of Japan and Canada join the dovish camp

Both the Bank of Japan and Bank of Canada left interest rates on hold, as expected, while tweaks to guidance imply a more accommodative stance.

17APR 2019


China defies the gloom

Chinese industrial production has been stronger than expected, though we see a risk that this could reverse next month.

17APR 2019


Infographic: A view of the world economy in April 2019

In this month's infographic we explore investors' main concerns for 2019 including political risk and a sustained low growth environment.

15APR 2019


Cooling Canadian housing market poses little threat to financial stability

After a two-decade boom, Canada’s housing market is now slowing as interest rates rise. We examine the impact on the broader economy.

11APR 2019


Is the UK stuck in Brexit limbo?

Extension to the Brexit deadline reduces the incentives for the UK parliament to compromise.

10APR 2019


The coming squeeze on US profits

We see US profits falling 4% in 2020 as slower growth and higher wage costs hit companies’ profit margins. But we have modelled a range of alternatives - and charted the potential impact.

08APR 2019

Global Market Perspective

Global Market Perspective - Q2 2019

Our latest economic and asset allocation views include a note on the prospects for US corporate earnings.