Greetings,
The United States: Despite the rebound in construction activity, surveys suggest that households remain cautious on the housing market.
The Eurozone: Negotiated wages are rising at the fastest pace in a decade. Economists expect this trend to raise inflation in the months ahead.
China: The US Senate action on Hong Kong could complicate the US-China trade negotiations.
Equities: Investors are not as giddy as they were in late 2017 (after the tax cut), but they’ve become quite optimistic. Here is the bull/bear ratio.
Global Developments: 2019 is on track to record the lowest trading ranges for G10 USD currency pairs, which is consistent with low volatility in the FX markets.
Food for Thought: Frequency of extreme weather.
Edited by Devon Lall
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