Despite the two rate hikes by the Bank of England, UK yields are still at rock bottom.
Unsurprisingly, Jair Bolsonaro won Brazil’s presidential election. Despite his controversial statements and his rather provocative personality, the Brazilian stock market reacted well to his victory and his pro-business stance.
The likelihood of a hard Brexit has risen in recent weeks. Talks on the UK’s future trade relations with Europe are not get-ting anywhere, and the deadline of 29 March is fast approaching.
Behind every succes lies a multitude of failures.
Despite the trade tensions, Chinese exports far outstripped analysts’ expectations in September, rising 14.5% year on year compared with 9.8% in August.
At a time when industrial output seems to be losing steam in the USA, the ISM services index has hit a new record high, far outstripping economists’ expectations.
Retails sales in China were up 9% year on year in August, and manufacturing output rose 6.1%. Both of these figures beat the forecast – a sign that the Chinese economy is stable. Infrastructure spending, however…
Sterling bounced back after GDP growth came in better than expected (0.6% quarter on quarter). What’s more, while there’s been no real breakthrough in the talks, it turns out Germany may be able to live with a less detailed Brexit plan…
The Argentine peso tumbled almost 20% in a week, even though the benchmark interest rate was raised from 45% to 60% to try and halt the depreciation.
The US health-care sector is on the verge of reaching a new record high, buoyed by investors’ appetite for this growth sector, which is relatively immune to the ups and downs of the macro cycle. We continue to be bullish on this segment, which offers clear growth prospects.