12th May 2019

Global Developments Bottomline: Global growth headwinds are back in play – global manufacturing PMI (50.3 in Apr vs Mar’s 50.5) slipped to the lowest since Jun 2016 and the new order inflows is the weakest since 2012. The European Commission downgraded growth forecasts for this year and the next and as the US moves closer…

5th May 2019

Global Developments Bottomline: The Fed kept rates unchanged, with its Chair pushing back against interest rate cut pressures saying inflation will rebound; there seems to be an issue of mixed messaging with two other Fed member statements leaving the door open to rate cuts. In Europe GDP surprised on the upside, in spite of the…