ThreeSixty Research Market Update – November 2019

Highlights:

  • In the US, trade-exposed sectors are suffering as a result of the trade conflict, but the consumer sector appears to be holding up well.

  • Economic activity in the eurozone weakened during the September quarter as outgoing ECB president Draghi warned euro-area fiscal policies were insufficient.

  • The UK parliament agreed to a general election on 12 December after prime minister Johnson was forced to ask the EU for an extension to the Brexit deadline.

  • The Chinese Ministry of Commerce appears favourable to an interim deal on trade with the US, but so far no rollback of tariffs has been agreed.

  • The RBA held off on further rate cuts at its November meeting, but markets still expect the cash rate to fall to 0.50% early in 2020.

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