The weekly macro review for w/c 28 September 2020 - Data last week indicated some slowdown in the momentum of the US economic rebound. There was a notably slower pace in the rebound of non-farm payrolls in Sep. In the last five months (May-Sep), there have been...

The Weekly Macro Review for w/c 21 September 2020 - The prelim PMI’s for Sep indicated that the pace of the global rebound was similar compared to Aug growth. The broader Eurozone result was mixed though. Strong manufacturing growth in Europe was led by Germany which...

We are entering a bumpy period of political uncertainty against the backdrop of a global economy still reeling, and rebounding, from the Covid-19 pandemic. Over the next few months, the US domestic political scene will likely be dominated by the replacement of US...

The focus this week will be on central bank interest rate and policy decisions and key data releases. This week, the FOMC, BoJ, and BoE will meet on monetary policy. Data highlights for the week: US – retail sales for Aug, prelim consumer sentiment for Sep and the...

Highlights for this week include the ECB rates decision, Brexit talks in London, and a generally quiet data week across the board. A short week for the US with the Labor Day National holiday on the 7 Sep. US data highlights this week will be the initial and continuing...

Global PMI’s for Aug, US non-farm payrolls and further US Fed speeches on the new US monetary policy framework will be in focus this week. Early this week there will be two further speeches by US Fed Vice Chair Clarida and Governor Brainard on the monetary policy...

The weekly macro review for w/c 17 August 2020 - The prelim PMI’s for Aug were mixed. The strongest PMI among the larger economies for Aug remains UK services. Given the severe declines recorded around the world from Feb to Jun, the rebound in the UK PMI’s since Jun...

The weekly macro review for w/c 10 August 2020 - The good news in this week’s review was the continued slowdown in the pace of US initial and continuing jobless claims. The improvement/reduction in claims was uniform across the US with only four states recording...

The weekly macro review for w/c 3 August 2020 - In the US, there was a more notable improvement/reduction in the number of new and continuing claims across both state and federal programs this week. Similarly, non-farm payrolls also recorded further growth in new...

The weekly macro review for w/c 27 July 2020 - US headline consumer sentiment and sentiment around expected conditions have both fallen back to the lows reached at the start of pandemic. The Expectations Index fell back to 65.9 in July, tied with the six-year low...