FIRST US PRESIDENTIAL DEBATE TO BE HELD TUESDAY World trade volumes continued to recover in July, when global trade rose 4.8% MoM. According to the CPB’s report, ‘the rebound arises…
read moreTHE FED HAS RECALIBRATED MARKET EXPECTATIONS The Fed made it clear that interest rates are going to stay at the zero-lower bound at least until 2024. This was probably no…
read moreEVENTFUL WEEK AHEAD WITH A FULL ECONOMIC DIARY Crude oil prices were under pressure for much of last week. As a result, Brent crude price (for November delivery) fell 6.6% by…
read moreAN UNEVEN GLOBAL RECOVERY IS ON THE WAY The global composite PMI rose to 52.4 in August, with both the manufacturing and services PMIs hovering in expansionary territory. On the aggregate…
read moreLOW(ER) RATES BY THE FED FOR EVEN LONGER World industrial production continued to recover in June, when the volume of output grew 4.8% MoM, following the modest 0.8% MoM growth…
read moreTHE FED’S SYMPOSIUM AND THE REPUBLICAN’S CONVENTION IN THE LIMELIGHT There was a striking decoupling between European and US PMIs in August. The IHS Markit Composite PMI rose to 54.7 (from…
read moreFED MINUTES AND GEOPOLITICS TO PULL FOCUS Although a week has passed, it is still unclear whether President Trump’s executive orders on jobless benefits and reducing the payroll tax will…
read moreThe global economic diary is packed for the week, which should help further assess the economic damage in 2Q20 and will, hopefully, shed some light on the pace and sustainability of the economic recovery. And with that, the start of the third quarter saw global economic activity stabilise and creep back into growth territory…
read moreWith an eventful past week with a Fed meeting, Q2 GDP releases and President Trump’s unexpected out-of-the-box ideas, the week ahead is going to be just as packed and intense
read moreTHE FED MEETING, GEOPOLITICS AND THE PANDEMIC TO SHAPE GLOBAL INVESTOR SENTIMENT Global macro data suggest that economic activity could have bottomed out in 2Q20. World trade data (released by the…
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