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Press release
01 Feb 2019

US jobs data: what a difference a year makes

Nick Wall, fixed income portfolio manager, Merian Global Investors


A year ago, an above-consensus earnings number sent volatility and stocks into a tailspin as the market braced itself for future US interest rate hikes. This January, the story couldn’t have been more different or more market-friendly – the US economy added 304k jobs, the participation rate rose to the highest level since 2013 as prime-age males returned to the labour force and, importantly given the recent Fed U-turn, wage growth was moderate.

Fed chair Jerome Powell will feel validated, while those fearing an imminent recession may be forced to think again. This should allow the risk-on sentiment seen in January to persist as the focus turns to US-China trade discussions.

Press release
31 Jan 2019
FED u-turn signals relief for gold investors

Ned Naylor-Leyland, manager of the Merian Gold & Silver Fund at Merian Global Investors believes the Fed’s dovish stance will be positive for mon...

Press release
24 Jan 2019
ECB plays waiting game

Nick Wall, manager of the Merian Strategic Absolute Return Bond Fund reacts to the first ECB meeting of 2019.

Next press release:
Central banks: clubbing together

08 Feb 2019

Mark Nash, manager of the Merian Strategic Absolute Return Bond Fund, Merian Global Investors

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