Aug 5, 2016 | Investment Advice

International News (Issue 411) – 5 August 2016


Where to begin?

In the US the economic data continued to walk a ‘goldilocks’ path, demonstrating ongoing growth but nothing so untoward as to prompt the Federal Reserve to awaken from their slumber. Employment and service sector data looked sound.

Perhaps more interesting for markets in the longer term, the Trump Presidential campaign took a few major stumbles this week and he now looks to have ceded his previously strong momentum to Clinton and the Democrats.

In the UK, interest rates were cut to 0.25% and the BOE announced a further surge in quantitative easing (QE) measures involving purchasing government and corporate debt. It also announced a new plan that aimed to ensure the private banking sector passed on the full impact of the rate cut to businesses and consumers.

In China, the economic data remained indifferent with manufacturing falling negative again in July and services continuing to tread its slowly growing path.

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