The US economy is generally performing well, although recent GDP and PMI figures indicate growth is slowing, and February’s payroll numbers disappointed.
Much of the bad news coming from China appears to have been priced in, with markets largely unperturbed by the latest downward move in China’s growth target.
Markets appeared satisfied with the direction of US-China trade talks, but uncertainties remain for the global trade situation, which may be exacerbated by Brexit.
Australia’s RBA has signalled a more neutral stance on monetary policy, with markets now pricing in a rate cut by the end of November 2019.
While unlikely to be as significant as previous measures, China has begun to implement more serious fiscal and monetary stimulus to combat slowing growth.
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