Sour, bitter and sweet but not that spicy

The mood in financial markets has soured over the past few days thanks to some downbeat messages from the global dataflow and most notably from China. The minutes released from the Fed’s July FOMC meeting further contributed to this negativity. Our charts for this week offer additional insight on this and, more specifically, on the following factors:

·       Investor sentiment

·       The US macro consensus

·       The global growth consensus

·       UK supply side challenges

·       Japan’s economy in Q2

·       Geopolitical risks