Summary Macro Outlook Governments have imposed hugely restrictive measures to suppress COVID-19. Economic activity has fallen at a precipitous pace March activity data across developed markets fell at an alarming rate. Early data for April show further, pronounced weakness Q2 is likely to see double-digit declines in GDP (not annualised) across developed economies. Consensus growth […]
Key Takeaways US stocks rallied on hopes of slowing COVID-19 spread; Treasuries fell European stocks rose amid slowdown in COVID-19 infections; German bonds fell Asian equities rallied on COVID-19 optimism and Japan’s fiscal stimulus announcement Read Full Article This article was presented to you by HSBC.
Key Takeaways Japan’s economy contracted more sharply than expected in Q4 2019, amid the impact of the consumption tax hike In the coming week, global investors will continue to monitor the economic fallout of the coronavirus outbreak Global equities pressured amid ongoing coronavirus concerns and weak US PMI data Investor risk aversion supported developed market […]
Key Takeaways US nonfarm payrolls and survey data surprised on the upside while German factory data were notably weaker than expected In the coming week, CPI inflation in the US, China and India will be in focus alongside UK GDP data Global equities bounced back amid eased coronavirus fears and strong earnings reports US and […]
Key Takeaways US stocks and Treasury yields edged higher on Tuesday amid light trading Most European and Asian stock markets ended the last trading session of 2019 lower but notched strong annual gains Read Full Article This article was presented to you by HSBC.
Key Takeaways US Q3 GDP growth was upwardly revised, while US October inflation came in lower than anticipated In the coming week, US payrolls, ISM surveys and German industrial data will be in focus US and European stocks rose amid buyout activity and cautious trade optimism US and European government bond yields little changed last […]
Summary Macro Outlook Global growth continues to face headwinds from a downturn in the industrial cycle and uncertainty related to trade tensions. Nevertheless, the trend in the global Nowcast remains broadly stable at around 2% US growth remains robust but is likely to moderate. A marked fall in some business surveys of late has […]