The weekly macro review for w/c 6 May 2019 - The headlines this week continued to follow the US-China trade negotiations in the countdown to the Friday tariff deadline. The USTR has now been directed by President Trump to increase tariffs from 10 to 25% on approx....

The weekly macro review for w/c 29 Apr 2019 - US data and events dominate the review this week and results are mixed. Weak inflation. The FOMC appears to be discounting the weaker core inflation growth reported this week, believing that ‘some transitory factors may be...

The weekly macro review for w/c 22 April 2019 - US GDP growth accelerated higher in Q1. The underlying drivers of growth provide a mixed message on economic activity. Growth was higher on the back of faster export growth, coupled with declining imports (higher net...

The weekly macro review for w/c 15 Apr 2019 - China economic data continued to improve this week. While there was faster growth in industrial production and retail sales in Mar, this was yet to be reflected in the quarterly GDP growth result. The Q1 2019 GDP growth...

The weekly macro review for w/c 08 Apr 2019 - Data out late in the week confirmed the large degree of monetary stimulus now supporting the Chinese economy. Growth in total social financing in Q1 increased by +10.7% versus the same time a year ago. China’s trade data...

The weekly macro review for w/c 1 April 2019 - The rebound in the official China NBS Manufacturing PMI for Mar set a positive tone for the week. The underlying drivers of expansion suggest that improvements in production and new orders signal that measures to...

The weekly macro review for w/c 25 March 2019 - The focus last week was on US data and performance. Indices of US regional and National activity indicated a slower level of growth momentum throughout Mar. All regional surveys remained in expansion but the pace of...

The weekly macro review for w/c 18 Mar 2019; Two points stand out from this week. The first is the FOMC decision. There was a shift in the signalling of the future path of rates since the Dec meeting – no change in rates through 2019. Growth and inflation targets were...

The weekly macro review for w/c 11 Mar 2019 - The more subdued US retail environment extended into Q1 2019. Retail sales in the US grew marginally in Jan, despite the falls in motor vehicle and gas sales. The rebound in sales excluding autos and gas was larger but...

The weekly macro review for w/c 4 March 2019 - Slower growth remained a key theme last week. Sentiment also soured as the US-China trade agreement now seems further away than most expected. Reports are that the March summit has been postponed. Brexit negotiations also...