Report
Vassilis Papaioannou

Monthly Investment Outlook

​After Trump’s win, the US economy finished the year on an upbeat note, with solid data released last quarter and improving growth prospects. GDP is growing at the fastest pace since 2014 and the latest annual estimate reached 3.5 per cent for the third quarter of 2016. Labour market conditions remain strong, supported by the lowest unemployment rate since 2007 (4.6 per cent in November). 

The UK economy continues to surprise, buoyed by the government and the Bank of England. Economic growth remains intact, with GDP rising by 0.5 per cent in the third quarter (QoQ), and 2.3 per cent on an annual basis. Economic
expansion continues with manufacturing activity recently rising to a two-year high as well as buoyant consumer confidence, with November retail sales beating estimates for the second consecutive month.

Developments in the macroeconomic picture continue to show improvements to the European economy. Firstly, consumer prices reached their highest levels since April 2014 (0.6 per cent in November) and economic growth is steady, despite political headwinds. Furthermore, PMI levels point to an expansionary phase of economic development, with figures reaching their highest levels in the last two years.





Provider
Dolfin
Dolfin

​Independent and unhindered by outdated technology or legacy thinking, Dolfin provides asset management, trading and custody solutions that combine investment expertise with digital agility. We empower financial intermediaries to exceed their clients’ expectations and grow their business with security, simplicity and speed.

Analysts
Vassilis Papaioannou

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