15th September

GLOBAL Developments Bottomline: The ECB lowered rates at the meeting last week, as did the Turkish central bank and Denmark. Up ahead this week are meetings in the US and across Europe (UK, Norway) as well as Asia (Japan) – while the Fed is widely expected to cut (Trump’s “Fed bashing” tweets are getting more…

8th September 2019

GLOBAL Developments Bottomline: Global economy continues to lose momentum –JPMorgan Global PMI fell to 51.3 in Aug, near a 3-year low, largely driven by the decline in global trade (which dropped for a 12th consecutive month; goods exports fell at the sharpest rate since Oct 2012). Data from the EU indicate a weak Q3 and…

1st September

GLOBAL Developments Bottomline: The world awaits the impact from Sep 1 US tariffs – to be imposed on Chinese exports worth USD 125bn – and China’s retaliatory tariffs while the Japan-South Korea trade dispute drags on, and the US and Japan agree “in principle” to a trade deal “worth billions” to be signed in Sep…