It has been a common refrain this year: businesses are deferring capital spending due to uncertainty (trade wars) and a worsening economic outlook (manufacturing). Yield curve inversion implies that markets…
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The gilet jaunes protests are steadily dwindling: only 7,000 demonstrators took to the streets on Saturday 15th earlier this month, a fraction of the quarter of a million people who…
Despite a small (0.46%) dip on Friday, IT stocks put in a strong showing last week, rising 3.32%: IT was only second to energy, where share prices were driven higher…
The weak survey data in Japan continues to pour in. The May forecast index from the Economy Watchers Survey tumbled to the lowest since June 2016. The forecast index for…
This current cycle of expansion in the US economy will become the longest on record next month. Friday’s retail sales report suggests there is plenty of fuel left in the…
Brexit, it would appear, is beginning to hit hard. Manufacturing output contracted 3.9% m/m in April: car production tumbled 24.0% m/m and the boost from stockpiling has faded. The services…
The May payrolls report appears to have vindicated the dovish bets on a Fed rate cut at its next meeting. The slowdown so far this year has been broad based…
