Janet Mui: weekly economic update 29 March

In this week’s video, Janet discusses the latest Brexit developments and the economic outlook for Germany and the US

29/03/2019
SCH8975_Financial_Chart_945x470px

Authors

Janet Mui
Global Economist, Cazenove Capital

No clarity on Brexit

A wide range of outcomes remains possible, including a leadership change, a general election and a second referendum. Sterling is under pressure.

Encouraging German survey data

The IFO business expectations index moved higher for the first time in eight months. This suggests an improvement in economic activity later this year.

US data revised lower but outlook brighter

US GDP for the last quarter of 2018 was revised slightly lower this week. However, rising wages and the easing of trade tensions should support growth this year.

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

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).

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.