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As noted in Wednesday’s commentary, the decline in BEA profit margins will inevitably raise questions around the outlook for equities. Some sectors of the economy will nevertheless stand to benefit…
It is tempting to dismiss the decline in US equity markets since the July 26th peak (6.0%) as largely just another US – China trade-related correction. So far, the fall…
China may feel backed into a corner. The Hong Kong protests are symptomatic of a broader shift in sentiment across SE Asia against Chinese ‘influence’. China’s bid for hegemony –…
The increase in non-farm employment (164k) in July was consistent with a strong economy. For sure, there were notable downward revisions to the previous two months (totalling 41k). Furthermore, the…
The German jobs machine is stalling. A disappointing set of earnings from Siemens yesterday underlines the scale of the challenge facing German industry. Even the more profitable digital business is…
The latest GDP report was encouraging. Final sales to domestic purchasers jumped by an annualised 3.52% q/q in Q2: the first quarter data was revised up to 1.79% q/q. The…
