Snapshot - Strategy & economics

Caspar Rock: Monday markets - the week ahead on 9 September

Weak manufacturing activity raises questions about US growth. In the UK, a Brexit delay is looking more likely.

09/09/2019

Caspar Rock

Caspar Rock

Chief Investment Officer

  • Is US data starting to turn? Hiring was slowing than expected in August, though wage growth remained solid. The bigger shock was an index of manufacturing activity, which fell to the lowest level in a decade.
  • The UK parliament has passed legislation designed to prevent a no-deal Brexit, increasing the odds of a delay. A general election now looks like a near certainty, with the only question being whether it will take place before or after the 31 October deadline.
  • The ECB meets on Thursday and is expected to introduce new easing measures, potentially including a return to QE.

This article is issued by Schroders Wealth Management, which is part of the Schroder Group and a trading name of Schroder & Co. (Hong Kong) Limited, Level 33, Two Pacific Place, 88 Queensway, Hong Kong. Licensed and regulated by the Hong Kong Securities and Futures Commission. Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. 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.

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