Snapshot - Strategy & economics

Janet Mui: weekly economic update 16 August

Stock markets bounced earlier in the week, only to slide again as disappointing economic data give fresh cause for concern.

16/08/2019

Janet Mui

Janet Mui

Global Economist

  • The health of the Chinese economy is once again in question, after disappointing industrial production and retail sales figures
  • German GDP contracted by 0.1% in the second quarter, raising fears about prospects for the rest of the Eurozone
  • More encouragingly, the UK labour market remains resilient and wage growth has reached a cycle high of 3.9%

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.

Contact Schroders Wealth Management

To discuss your wealth management requirements, or to find out more about Schroders Wealth Management and our services, please contact:

Robert Ridland

Robert Ridland

Head of Wealth Management, Hong Kong
Telephone:
robert.ridland@schroders.com
Jason Huang

Jason Huang

Senior Relationship Manager
Telephone:
jason.huang@schroders.com