In this edition of ILIM’s weekly market bulletin:
Global markets rose for the second week in a row, up 0.5% on the back of encouraging corporate earnings in the US. Talks between the US and China also boosted sentiment. The Brexit stalemate continues leaving Prime Minister Boris Johnson still some way from getting a yes vote on his Brexit deal.
In expected news, the International Monetary Fund (IMF) cut it’s 2019 global growth forecasts to 3%, the slowest pace since 2009. They cited a broad-based softening in manufacturing as the reason for the slowdown, driven by US-China trade tensions.
Earnings will remain in focus this week with some of the largest companies in the world, such as Amazon, Microsoft and Boeing reporting. The ECB policy decision on Thursday will garner attention though no change is expected. READ MORE