Although employment growth is positive, the Federal Reserve will likely remain on hold for 2017 while inflation remains weak and balance sheet reduction looms.
Macron’s reform agenda should be positive for economic growth in France. As political risk falls, investors can now turn their focus to the corporate earnings recovery.
Economic and Strategy Viewpoint
Populism and its effect on markets are under the spotlight in this month's update from Schroders' economists. Inflation, the ECB and the global upswing are among the other topics in focus.
Having championed free trade, labour and capital flows the International Monetary Fund (IMF) and World Bank find themselves fighting against a wave of protectionism and moves to curb immigration.