Hermes: Trump’s ‘lightning rod’ to spur US growth
The US economy can look forward to a strong run as Donald Trump performs the role of “lightning rod” for growth, according to Hermes’ Mark Sherlock.
Macro News
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Fresh EM inflows as funds continue winning streak
Rising commodity prices and assurance of continued low interest rates saw emerging market equity funds welcome fresh inflows for the seventh week running, their longest winning streak since last September.
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Boards’ ‘lack of conviction’ does not sit well with investors – Canaccord
Action is still needed to improve the “apparent lack of conviction” of some boards who do not hold shares in the investment company they oversee, according to Canaccord Genuity’s latest ‘Skin in the Game’ report.
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US private sector slows after election bounce
Private sector growth slipped back from the highs of January as the post-election bounce seen across the US economy was reined in.
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Half of CEOs plotting new alliances in profit push
More than half of chief executives are planning new alliances or joint ventures in 2017 to help bolster profits according to a new survey of the asset and wealth management industry.
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Retail sales slip to muddy economic waters
Retail sales in the United Kingdom slipped in January to undershoot forecasts, according to the Office for National Statistics.
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‘Caution in the air’ but investor confidence still rises
Investor confidence is bouncing back and rose for the third month in a row in February, Hargreaves Lansdown has found.
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Bank of England completes its u-turn on economy
The Bank of England further undermined its own post-Brexit ‘forecasts of doom’ by sharply increasing its expectation for UK growth to 2% in 2017, professional investors said on Thursday.
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US GDP climb slows down
Growth in the US economy slowed in the last three months of 2016 according to early estimates from the Bureau of Economic Analysis released on Friday.
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May reveals Brexit plan as inflation jumps and Carney hints at rate rise
Inflation in the United Kingdom economy climbed to 1.6% on an annualised basis in December, up significantly from 1.2% in November.
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IMF upgrades UK growth forecast despite looming Brexit process
The International Monetary Fund has upgraded its growth forecast for the United Kingdom to 1.5% in 2017 from the 1.1% it was previously forecasting, despite the imminent start of Brexit talks.
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US jobs number unspectacular but wages on the rise
The health of the United States economy was underlined with a steady picture for jobs in the latest employment figures released on Friday.