A summary of the factors driving global markets over the last month.
This weekly update provides a snapshot of changes in the economy and markets and their implications for investors.
The US economy is now entering recession. Initial jobless claims – a measure of the number of new filings to receive unemployment benefits – rose to 3.283 million for the week ending 21 March.
Two things we said we needed – fiscal stimulus from the US government and corporate bond purchases by the Federal Reserve (Fed) – have now happened. Does that mean it ‘s time to start buying corporate bonds and, if so, how far down the quality spectrum?
Just as headwinds from trade policy were beginning to dissipate, the outbreak of COVID-19 has pushed the global economy into recession.