Wyn Thomas - Axys Investment Management

Weekly Market Commentary 8th February 2019


This week a lack of any major developments allowed us the time to look closer at some of the economic data of the last few weeks. It has reminded us that we ought to do this more often and ignore the headlines all together. Italy is currently in its third recession in a decade while Germany’s economy shrank in the third quarter of 2018 and stagnated in the fourth quarter. While it will likely avoid an all-out recession, a global slowdown and retrenchment in world trade is taking its toll. Britain is also slowing down, with growth forecasts cut by 0.5%, although still at a comparatively healthy 1.2%. Read more…