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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
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Authors

Janet Mui
Global Economist, Cazenove Capital
  • 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 Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

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.

Authors

Janet Mui
Global Economist, Cazenove Capital

Topics

UK
US
Federal Reserve
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The value of your investments and the income received from them can fall as well as rise. You may not get back the amount you invested.