Macro round-up – October 14th 2019

Post the EU’s rejection of Johnson’s first suggested deal and a meeting with Varadker, the UK have proposed a second “solution” to the Brexit Irish border conundrum. The initial optimism with regards the viability of this proposal has now given way to its associated...

Macro Round-up – October 7th 2019

The US ISM manufacturing figure disappointed markets as it echoed the economic negatives of the continuing trade war that is beginning to impact on investors forecasts for future growth. The reading of 47.8 was well below expectations of 50.0 and will put more...

Macro Round-up – September 30th 2019

The trade war between the US and China moved into different territory with news stories suggesting that Chinese companies would no longer be allowed to list in the US. At the time of this note there was no definitive comment from the Trump administration but it does...

Macro Round-up – September 23rd 2019

The Fed, as predicted cut short term rates by a 0.25% however, they disappointed some market participants with their forward guidance. The decision was not unanimous with seven Fed governors approving the 0.25% cut, two wishing for the rate to remain on hold and one...

Macro Round-up – September 9th 2019

The attendees at this week’s ECB meeting are unlikely to arrive at a unanimous decision on future monetary policy. In recent days, the heads of the German, French, Dutch and Estonian Central Banks have publically questioned the necessity for expansionary monetary...

Macro Round-up – September 2nd 2019

The University of Michigan Consumer Sentiment survey fell the most in six years. Consumer surveys whilst timely can often be volatile but what was notable in this particular survey was that one in three respondents referenced unprompted the negative implications of...