Janet Mui: weekly economic update 11 October

  • Investors cheered news that senior negotiators from the US and China would meet for the first time since July to discuss a trade deal.  
  • With global economic data continuing to weaken, we believe that a comprehensive trade deal is essential to revitalise economic growth.
  • Monthly GDP data for August suggests the UK will narrowly avoid a technical recession. We expect weak but positive growth in the third quarter.
  • Late in the week, sterling and UK domestic equities rallied after Boris Johnson and Leo Varadkar said they could see a “pathway” to a Brexit deal.

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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