On Friday GDP data for the US in Q1 will be released. We expect this to show a “passing of the baton”, as US growth moderates (to around 1% annualised) but Europe and Emerging Markets continue to improve. Some asset re-allocation has started, but we expect this to continue.
The oil price sunk below USD 50 per barrel again (both WTI and Brent more than 7% lower for the week) on evidence that US production and inventory growth is offsetting OPEC’s attempts to reduce supply.DOWNLOAD THE FULL ARTICLE View All Global Market Updates
Your download should begin in a few moments. If it doesn't, please click here: