White question mark on the sides of a yellow box to indicate not knowing what the future holds

Our Brief Weekly Economic and World Markets Overview from Quilter Cheviot

Economic Overview

by Richard Carter, Head of Fixed Interest Research

“Investors continue to be troubled by political uncertainty but there has been better news recently on the economic front. The latest round of data suggests the global economy has begun to shrug off the negative impact of Trump’s trade wars with most manufacturing PMIs picking up in November. Foremost among these was the Chinese PMI which rose into expansion mode for the first time since April but Eurozone readings also improved. Hopefully this rebound will continue but that may depend on whether US-China trade talks reach a positive resolution in the coming days…”

Market Overview

By Chris Beckett, Head of Research

“With only 10 days to go until the UK election politics dominate news bulletins but does the outcome matter to an equity investor.  Stock markets are very good at adjusting prices to current expectations so it is only changes to those expectations that normally materially affect valuations.  Most pollsters and pundits currently expect Boris Johnson to achieve a working majority so we would expect reactions to this outcome to be fairly muted (not least because we will have to wait for at least a year, and probably longer,  to see to the shape of our future trading relationships)… ”