The economic outlook has perked up, due to strong economic data out of the U.S., modestly better data in the rest of the world, and, critically, a trade agreement between the U.S. and China, which, with the British election results, has helped defuse investor anxieties about global growth. .…
An Introduction to MMC
We are pleased to share that earlier this week ASB Bank completed the sale of its custodial and administration service – known as Aegis – to MMC Ltd. From our clients’ perspectives, it is business as usual at Aegis. There will not be any obvious change in the Aegis portal or its reports, and clients will continue to receive the best service possible from the Aegis team.
In New Zealand, recent data has been modestly encouraging about the prospects for business activity...
While geopolitical risks remain high, at the moment investment sentiment has turned more positive on a potential (if only partial) resolution of the U.S.-China trade disputes. Growth assets have consequently benefited, while the prospect of a pick-up in world growth, and reduced demand for defensive boltholes, have led to sell-offs for bonds and bond proxies.…
In New Zealand, recent business and other surveys have generally been downbeat...
The economic outlook suggests ongoing global growth...
Global equities have continued to recover from previous losses, as investors have become less concerned about recession risks and damage to the world economy from U.S-China trade frictions. A consequence has been a global rise in bond yields as investors have felt less need to buy safe-haven assets as insurance against downside risks…