Shane Solly: Harbour Asset Management spokesperson on the increased concerns over slowing global growth

The global economy has gone through an interesting few months - and it's got markets worried.

Trade concerns are impacting markets all over the world, especially the US.

 Harbour Asset Management's Shane Solly explains further.

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Episode Transcript

Speaker 1 (00:00):
Shane, Ryan Bridge, Shane Soldiers here, Harbordesset Management High Shane
get a Ryan give us an overview of how global
markets are doing as we start the week.

Speaker 2 (00:10):
Yeah. Look, there's been a few bumps to sure market
so by this year, but there's a few signs that
things are starting to stabilize. Last week, USU market was flat.
Now that doesn't sound great, but it's actually better than
we've seen for a little while. And it was on
this sort of more dubbish signals from the US Visual Reserve.
They were less worried about increasing rates and the market
continues to struggle with this economic growth slowing down and

(00:31):
trade concerns. So you todate we're sending the US market
down three percent. But mister Trump, he's come out and
said that he will be flexible and tear us with
China and he may actually his open his stinkingdoms to
g So could be a better signalants the market's going forward.
Europe's been the star. The Ryant's up eleven percent year
to day, all about defense and infrastructure spending. China not badly,

(00:52):
down two percent, and it's all about stimulus. Here in
his one, the market was slightly up today a bit
of strength and aukn Airport ready in main forrat but
we're still down seven point six percent year today. So
there's a few months, but we're starting to see some
better science.

Speaker 3 (01:08):
How worried are they? You mentioned growth? How worried are
markets about global growth and the prospect? Yes, it might
be taking a turn.

Speaker 2 (01:17):
It's a really this is what it's all about. And
you've hit on there. This is why markets are said
volatile and certainty around growth forecast, particularly rather the trade
and government efficiency drives. You know, we shouldn't be surprised,
but we've had a pretty good recovery last year and
so markets are pretty weary. There's a few data points
coming up this week that actually might help with that. Tonight,
we've got US and Russia talking and there's this Purchasing

(01:41):
manager and this is out of Europe and the US,
And what a PMI is is it's a lead indicator
for activity. And then we get later in the week,
we get, particularly on Thursday, what's called the core Personal
Consumption Expenditure PCI price indexs and that's what the US
for the reserve users to set rates. And then we
end the week on Friday with the University of Michigan
send the which is all about consumer confidence. There's a

(02:02):
few real key data points coming up, but we're all
going to keep watching to see what mister Trumps is next.

Speaker 1 (02:08):
Certainly well Shane, thanks for that, Shane, Solly Harbor Asset Management.
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