We expect that more countries and states will move towards lifting lockdowns.
In terms of economic data – starting with the US – this week sees the release of April’s industrial production, retail sales and consumer price index figures, as well as the weekly jobless claims on Thursday 14 May. Meanwhile in Europe, there’ll be the first look at Q1 GDP for both the UK and Germany, as well as the second estimate of the euro area number. Finally, attention will also be on China, where data for industrial production and retail sales comes out on Friday 15 May.
No major central banks are meeting this week but we will hear from BoE governor, Andrew Bailey, as well as from some spokespeople of the Federal Reserve, while the ECB will be publishing its economic bulletin.
Brexit negotiations continue throughout this week, which come after some difficulties in the previous round in April. Finally, earnings season will start to wind down, with only 20 S&P 500 companies reporting.
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Clients of Nedbank Private Wealth can get in touch with their private banker directly to understand how their portfolios are responding to market events, or call +44 (0)1624 645000 to speak to our client services team.
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Investments can go down, as well as up, to the extent that you might get back less than the total you originally invested. Exchange rates also impact the value of your investments. Past performance is no guide to future returns. Any individual investment or security mentioned may be included in clients’ portfolios. They are referred to for information only and are not intended as a recommendation, not least as they may not be suitable. You should always seek professional advice before making any investment decisions.
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