Positive surprises in the US - Including the labour market

The world economy is showing more signs that are positive.

In the US, there is solid optimism on the labour market, which has seen a large increase in the number of job seekers. China also shows signs of growth with an increase in house building and declining oversupply of homes relative to monthly sales. A positive development in China can rub off on Australia and Brazil, but it also benefits emerging market equities, which have also delivered an excess return of around 6%, relative to the equities of developed countries.

Read the Monthly economic report here


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