Janet Mui: weekly economic update 31 May

In this week’s video Janet discusses the European elections, UK politics and US-China trade tensions

30/05/2019
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Authors

Janet Mui
Global Economist, Cazenove Capital

Pro-European parties retain hold of the European Parliament

The grand coalition of conservatives and social democrats lost its absolute majority in the European Parliament and anti-establishment parties gained seats. However, overall, pro-European parties retained their majority.

UK political landscape becoming more polarized

In the UK, the Conservatives and Labour appear to be moving further apart on Brexit. With the upcoming departure of Theresa May, the conservatives are likely to elect a pro-Brexit PM, while Labour is moving towards a second referendum.

Escalation of US-China trade tensions weighs on markets

In response to increases in US tariffs and the blacklisting of Huawei, the Chinese government signalled that it may restrict the export of commodities used in the manufacturing of some high-tech equipment. Tensions look set to persist. 

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Authors

Janet Mui
Global Economist, Cazenove Capital

Topics

UK
US
China
Brexit
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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