Global Market Update

by John Knobel

 

 

Market Update

China

  • Manufacturing sector showing signs of stabilization
  • Services sector growing
  • Consumer spending strong

Japan

  • Bank of Japan unlikely to cut rates
  • Manufacturing sector getting worse
  • Strong jobs market reducing risk of Japan falling into a recession
  • Japan Car sales continue to fall

Europe

  • Low interest rates create demand for new loans
  • Manufacturing weakening
  • Job market remains healthy
  • limited wage growth holding back consumption
  • Increasing chance of a Brexit deal before October 31th

United States

  • US Fed most likely to cut Interest Rates again either in October or December
  • US Jobs market remains strong
  • Payrolls are high
  • US Fed will create liquidity into market by expanding its balance sheet

Source: FXGM Investment Research Department / Bloomberg