Macquarie Investment Management has released its August economic commentary reporting the continuing trend of improvement in growth for advanced economies...

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Macquarie Investment Management has released its August economic commentary reporting the continuing trend of improvement in growth for advanced economies whilst emerging economies slow and lose momentum. Bond prices fell whilst share prices rose over the month as money was switched from the former to the latter, and as growth opportunities pop up in the US and Japan. The US dollar also remained high at the expense of high-yielding exchange rates and major Asian emerging currencies. The report also concentrates on the widening gap between advanced economies and emerging economies, continuing a recent trend in commentary. Macquarie believes that capital-orientated growth will push this trend further at the expense of high-yielding currencies and assets. Finally, it concludes that Australian data continues to show weakness, pointing to a drop off in mining investment without non-mining growth picking up. Inflation and consumer confidence remain low, whilst unemployment has deteriorated. (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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