News.

Manufacturing

We have written previously about our expectations of increased volatility in markets during 2019. In May we saw some quite pronounced share market moves as a result of news locally and offshore.

Oil

Card Spending, Migration

Growth, China, Trump

Quarter 1, Offshore Markets

The abrupt increase in US tariffs on imports from China threatens the nascent recovery in global industrial production that appeared to be underway. Tariffs and tariff fears have a large impact on high frequency data such as trade, industrial production, business investment, PMIs, and many highly correlated financial asset prices. Roughly half of China’s exports to the United States face 25% tariffs.

TradeWar, Singapore

Budget, Economy

Budget, Business Confidence