- The US economy is generally performing well, although recent GDP and PMI figures indicate growth is slowing, and February’s payroll numbers disappointed.
- Much of the bad news coming from China appears to have been priced in, with markets largely unperturbed by the latest downward move in China’s growth target.
- Markets appeared satisfied with the direction of US-China trade talks, but uncertainties remain for the global trade situation, which may be exacerbated by Brexit.
- Australia’s RBA has signalled a more neutral stance on monetary policy, with markets now pricing in a rate cut by the end of November 2019.
- While unlikely to be as significant as previous measures, China has begun to implement more serious fiscal and monetary stimulus to combat slowing growth.
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