Nov 29, 2022 7:00:00 AM | LGT Navigator
LGT Navigator: Concerns about global supply chains weigh on outlook for world economy
Fears of even stricter measures by China against the corona pandemic and protests against the zero-Covid policy are again causing increased uncertainties regarding the still fragile global supply chains. This is not only clouding the outlook for the global economy, but also sentiment on capital markets. Moving into focus this week are now new data on the US labor market. In addition to the report from ADP on Wednesday, financial markets are eagerly awaiting the official end of week. This is also likely to be of great importance for the further course of US interest rate policy. In this regard, the regular economic report of the Fed, the so-called Beige Book, on Wednesday evening could also provide clues.