SNAPSHOT2 min read

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
chart

Authors

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.

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.

 

Authors

Caspar Rock
Chief Investment Officer

Topics

US
Monetary policy
Brexit
Snapshot
Economic & Strategy Viewpoint
Video
Market views
Central banks
Europe ex UK

Cazenove Capital is a trading name of Schroders (C.I.) Ltd which is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 2020 and the Protection of Investors (Bailiwick of Guernsey) Law 2020, as amended in the conduct of banking and investment business. Registered address at Regency Court, Glategny Esplanade, St. Peter Port, Guernsey GY1 3UF, (No.24546) . Schroders (C.I.) Limited, Jersey Branch is regulated by the Jersey Financial Services Commission in the conduct of investment business. Registered address at 40 Esplanade, St. Helier, Jersey JE2 3QB, (No.31076).

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.