Macro Round-up March 11th 2019

The ECB meeting was as dovish as we expected. It is unlikely that interest rates will increase in 2019 as the Central Banks economic forecasts were materially downgraded. GDP growth for 2019 is now expected to be 1.1% (down from 1.7%) as the China slowdown, German...

Macro Round-up March 4th 2019

The ECB meets this week and we expect them to be especially dovish in light of the subdued inflation figures released last week with core inflation of 1% y/y being particularly troubling for the ECB mandate. Investors will also begin to focus on Mario Draghi’s...

Macro Round-up February 25th 2019

The Brexit deadline is fast approaching with various media outlets outlining a plethora of possibilities. We believe that in the medium term a no deal Brexit will be avoided for reasons of economic sanity and Parliamentary arithmetic however, we anticipate there will...

Macro Round-up February 18th 2019

The US Retail sales figures for the month of December highlighted the negative impact on consumer confidence caused by confused monetary policy, a government shutdown and lingering trade war issues. Investors were shocked by the weakness in the figure reflecting the...

Macro Round-up February 11th 2019

The European Commission (EC) slashed their economic forecasts highlighting the risks associated with a slowing Chinese economy and the uncertainty created by Brexit. Most notably, the EC predict GDP growth for the European economy in 2019 of 1.3% (close to estimated...