Strategy & economics

Caspar Rock: Monday markets - the week ahead on 1 April

Signs of progress on trade talks, strong Chinese activity data and mixed signals from stock and bond markets

31/03/2019

Caspar Rock

Caspar Rock

Chief Investment Officer

Stock markets in optimistic mood…

Equity markets rallied into the close of last week following encouraging comments on a trade deal from the lead US negotiator. The momentum continued in Asia after strong Chinese activity data. 

…but more worrying signals from bonds

Bond yields continue to grind lower and the inversion of parts of the US yield curve is attracting renewed attention. The negative yield on the German 10-year bund is also a source of concern for some investors. 

The weak ahead 

Early in the week, flash PMIs will give a first indication of activity levels in the global economy. At the end of the week, we have US employment data for March. In the UK, Brexit will continue to dominate the agenda ahead of an emergency EU summit on the 10th April. 

This article is issued by Cazenove Capital which is part of the Schroder Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 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.

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