Market Flash: Global Data Worry Markets

Edmond de Rothschild
By August 20, 2019 09:36

Market Flash: Global Data Worry Markets

The US Commerce Department’s lift to markets at the beginning of the week soon fizzled out. Half of previously tariff-free Chinese imports will now be spared the proposed duties up to December 15. This concerns $150bn vs. a total of $300bn and the decision to delay implementation was taken to avoid hitting end-of-year festivities. However, this new trade war truce was upstaged by worrying global economic data. German GDP fell 0.1% in the second quarter as domestic consumption failed to offset falling industrial investment across the globe and especially in China. Argentina’s surprising primary election results stoked fears of a populist surge. The peso plunged 25% in 3 days and the country’s bond market plummeted by 40%.

Edmond de Rothschild
By August 20, 2019 09:36

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Various central banks met last week and offered markets the comfort of ongoing stimulus. #ChartoftheWeek plots both historic US interest rates and the market’s implied expectations, forecasting no normalisation. Read more in our #FixedIncome roundup: https://bit.ly/3hVWkLB

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