IFM Investors Chief Economist Dr Alex Joiner comments on the latest global economic news and trends.
For much of the last month or so the upward momentum in US financial markets has begun to wane. This is particularly true in equities markets - in which significant optimism was being priced in around fiscal stimulus being introduced by the new administration in its first 100 days in office. But its recent unsuccessful bid to push through policy reform on healthcare (at least to date) and ongoing negotiation around tax reform has shaken market confidence. This pause in market gains is now reflective of a more measured outlook including delays to fiscal stimulus.
Read full update > Economic Update April 17