SNAPSHOT2 min read

Janet Mui: weekly economic update 24 January

Financial markets fear the effects of the coronavirus in Asia, especially as it coincides with mass travel around the Chinese New Year. Elsewhere the European outlook continues to improve.

24/01/2020
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Authors

Janet Mui
Global Economist, Cazenove Capital
  • Markets have taken fright at the outbreak of coronavirus in China. The history of the SARS epidemic in 2003 suggests there could be a short, sharp hit to the economy – with activity quickly rebounding once the virus is contained. Chinese authorities appear to be responding decisively.
  • The outlook for the eurozone economy is slowly improving, according to ECB president Christine Lagarde.
  • In the UK, better economic data has caused markets to pare back their expectations of a rate cut from the Bank of England.  

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Authors

Janet Mui
Global Economist, Cazenove Capital

Topics

UK
Snapshot
Market reviews
China
Economic & Strategy Viewpoint
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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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