Snapshot - Strategy & economics

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

Janet Mui

Janet Mui

Global Economist

  • 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.

Issued in the Channel Islands by Cazenove Capital which is part of the Schroders Group and is a trading name of Schroders (C.I.) Limited, licensed and regulated by the Guernsey Financial Services Commission for banking and investment business; and regulated by the Jersey Financial Services 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. This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. All data contained within this document is sourced from Cazenove Capital unless otherwise stated.

Contact Cazenove Capital

To discuss your wealth management requirements, or to find out more about Cazenove Capital and our services, please contact: