Strategy & economics
Janet Mui: weekly economic update 8 November 19
US-China trade development
- China and the US have agreed to roll back existing tariffs as they work toward a deal, according to reports on Thursday. Markets rallied in response.
- If this step results in the release of pent-up investment that has been hold back by trade uncertainty, we think the global economy will stabilise instead of further slowing down.
German industrial production
- German industrial production continued to contract in September on a year-on-year basis.
- There may be some evidence that the worst is over: the latest German factory orders are starting to improve.
- Positive developments in USChina trade would help the German economy stabilise.
Bank of England meeting
- Policy remained unchanged at the Bank's November meeting, as an upcoming general election and Brexit extension added more uncertainty for policymakers.
- Two members of the Monetary Policy Committee unexpectedly voted to cut rates by 25 basis points, citing Brexit and global risk as the rationale.
- If global growth fails to stabilise this could prompt policy easing, thre Bank indicated.
- Coronavirus outbreak: tracking the economic and financial market impact
- How the ageing population could be a boon for investors
- Janet Mui: weekly economic update 14 February
- US presidential election 2020: how do US stocks perform in election years?
- Is a hydrogen economy more than just hot air?
- Caspar Rock: Monday markets - the week ahead on 10 February
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