US dollar bills representing US federal bank

Our Brief Weekly Economic and World Markets Overview from Quilter Cheviot

Central Banks Reverse Course

Economic Overview

by Richard Carter, Head of Fixed Interest Research

“Last week’s economic data did little to ease investor fears about a possible global slowdown. The closely-watched ISM manufacturing index in the US was worse than even the gloomiest predictions and fell to its lowest level in ten years. A lot of this can be blamed on Trump’s trade wars but some of the sub-components relating to new orders and employment did not make for good reading…”

Market Overview

By Alan McIntosh, Chief Investment Strategist

“In a nervous week for equity markets, UK shares suffered their heaviest drop for nearly four years. Poor economic data showed the services sector slowing down sharply in September, adding to the gloom from the manufacturing sector. For once, the UK market wasn’t responding to the daily spiral of Brexit news and the gyrations of sterling, but to the feeling that the UK economy was heading for recession… ”

This commentary has been produced for information purposes only and isn’t intended to constitute financial advice; investments referred to may not be suitable for all recipients. Any mention of a specific security should not be interpreted as a solicitation to buy or sell a specific security. Investors should remember that the value of investments, and the income from them, can go down as well as up. You may not recover what you invest.