Highlights:
-
Data from the US has confirmed that the slowdown in growth has continued through early 2019, although March employment and PMI figures have shown some positive signs.
-
The Brexit issue is still creating uncertainty for markets. Prime Minister May will now seek a bipartisan deal to present to the British parliament and EU negotiators.
-
The outlook for European growth and inflation is weakening while manufacturing is in its deepest downturn in almost six years.
-
Australia’s federal budget contained few surprises, with the return to surplus and tax measures largely anticipated by the market.
-
Chinese industrial production and exports were softer in March, but stimulus measures are beginning to flow through the domestic economy.
If you have any questions regarding this report or would like to discuss your portfolio, please contact me directly on Phone 02 9548 3703