Politics and Economics

A further batch of disappointing US growth data, coupled with policy rate cuts from the Bank of Canada and the European Central Bank, have continued to re-energize easing narratives in financial markets over the past few days. But politics has also been grabbing the headlines thanks to some unexpected election results from e.g. India and South Africa. In our charts this week we delve into:

·       Global household purchasing power

·       Policy uncertainty

·       Oil prices and global growth

·       US manufacturing activity and EM trade

·       Japan’s wage inflation

·       China’s NEV production