Data from the US late last week pointed to mixed fortunes for the economy. The service sector and the consumer in general remain in good health, with disposable incomes rising and confidence positive. Employment data published on Friday however, was slightly disappointing.
UK shares had a poor August with the FTSE All Share Index falling by over 4%. While it is tempting to associate this with increasing fears around Brexit, closer examination would suggest that this is not entirely the case.
The UK’s glorious Bank Holiday Weekend was bookended by more mixed messages from Donald Trump on trade. Following a predictable retaliation from the Chinese to his latest measures, the President decided to increase the tariffs on roughly $550bn’s worth of goods by another 5%. However, after a couple of days with global leaders at the G7, he talked up the prospect of a deal and raised hopes for further negotiations.