Janet Mui: weekly economic update 8 March

The outcome of the ECB's meeting, US employment data and Chinese tax cuts

08/03/2019
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Authors

Janet Mui
Global Economist, Cazenove Capital

In this week's video briefing Janet Mui discusses the ECB’s latest policy meeting, US employment data and China’s measures to support growth.

 The ECB said it would keep rates at current low levels for the remainder of the year, in line with market expectations. It also announced a new programme of long-term loans to European banks.

In the US, employment data was mixed. Net new job creation was a slight disappointment. However, the unemployment rate ticked lower and earnings growth accelerated, suggesting an improved outlook for the US consumer. 

The Chinese government announced a package of targeted corporate tax cuts. We think this will help Chinese growth stabilize and recover in the second half of 2019.

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Authors

Janet Mui
Global Economist, Cazenove Capital

Topics

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 IFC1, Esplanade, St Helier, Jersey, JE2 3BX, (No.31076).

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