17 December 2018

Bassanese Bites: Fed Focus – Week beginning: 17 December 2018

Despite positive noises on US-China trade talks, global stocks saw fit to focus on the negatives last week, such as signs of weaker growth in Europe and China and the risk of a US Government shutdown (yet again!).  Technically, the US S&P 500 ended the weak clinging to key levels just above the week-end lows of earlier this year around 2,580.

China’s monthly “data dump” on Friday revealed weaker than expected growth in retail spending and industrial production, which seems likely to elicit another (debt fuelled) stimulus programme in the new year. It should also make China even keener to conclude a trade deal, something President Trump was happy to point out last week.

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