SNAPSHOT2 min read

Janet Mui: weekly economic update 11 October

There are signs of progress on the two key political risks facing markets: the US-China trade war and Brexit.

11/10/2019
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Authors

Janet Mui
Global Economist, Cazenove Capital
  • Investors cheered news that senior negotiators from the US and China would meet for the first time since July to discuss a trade deal.  
  • With global economic data continuing to weaken, we believe that a comprehensive trade deal is essential to revitalise economic growth.
  • Monthly GDP data for August suggests the UK will narrowly avoid a technical recession. We expect weak but positive growth in the third quarter.
  • Late in the week, sterling and UK domestic equities rallied after Boris Johnson and Leo Varadkar said they could see a “pathway” to a Brexit deal.

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Authors

Janet Mui
Global Economist, Cazenove Capital

Topics

UK
US
China
Brexit
Snapshot
Economic & Strategy Viewpoint
Video
Market views

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).

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