Markets are likely to continue to digest the impact of Coronavirus as well as now the ramifications of the breakdown in OPEC relations with Russia. This will be a quiet data week with only a few releases of note. Last week, central banks responded to the threat to...

Markets are likely to continue to grapple with the potential impact of Coronavirus this week. The level of uncertainty regarding the impact on health, production, trade, expenditure, travel and supply chains remains extremely high. The first view of the quarantine...

The major data highlights this week will be China data, US Q4 prelim GDP and Japan retail sales and industrial production. This will be amid the likely ongoing headlines regarding the coronavirus. Data out for China this week includes retail sales, industrial...

The macro review for w/c 10 February 2020 - US data reflects the ongoing dichotomy between production and consumer metrics. Industrial production continued to decline slightly led by the weakness in aircraft and electricity and gas output. The USTR also announced this...

There has been resolution across several important fronts so far this year – removing some of the uncertainties that had been plaguing markets in 2019; the US has officially ratified the USMCA, the phase one trade deal with China and Japan has been signed, the...

The weekly macro review for w/c 6 January 2020 - Our w/c 6 Jan 2020 macro review includes several of the larger releases from the last two weeks, focusing mainly on private sector manufacturing and services output. US manufacturing weakness was evident in the data out...

The weekly macro brief for w/c 6 January 2020 - This week, markets are likely to continue to follow geopolitical developments regarding the US and Iran. We will also hear more about a possible signing of the US-China phase one trade agreement. At this stage, there...

The weekly macro brief for w/c 30 December 2019 - Its year end this week and there will be some focus on the repo market and any potential stress in markets/rates. The Fed has ramped up liquidity support leading up to the year-end turn in order to avoid the funding...

Trade news continued to create a positive context this week. While few details are yet to emerge on the US-China deal, a deal is expected to be drafted and signed by early 2020. The USMCA was approved in Congress by a large majority and that deal now goes to the...

The weekly macro review for w/c 9 December 2019 - Several of the larger uncertainties for the global economy are now poised to be resolved positively. There were several major developments during the week. Firstly, the US and China have agreed on a phase one trade...