Equities like cutting cycles

Equities like cutting cycles – Download Chart of the week

The Market Place – Download Market Data

• The US faces a “data vacuum” from the shutdown exactly when global markets are looking for economic and policy cues, increasing volatility and making markets more sensitive to political/trade headlines.
• Even as the UK government pushes a growth-agenda, underlying economic fragility (weak jobs/vacancies + inflation risk) means markets are treating UK assets as cautiously as safe-haven plays, not growth plays.
• In the euro-area, political and regulatory uncertainty (especially in France) is weighing more heavily than macro-data, meaning investor appetite remains constrained until clearer leadership and policy paths emerge.
• China’s economy is showing export resilience but is clearly constrained by geopolitical and structural risks; the decision to hold policy rates signals caution and leaves limited room for surprise stimulus in the near term.