Latest / Best of Business / Shane Solly: Harbour Asset Management spokesperson on the increased concerns over slowing global growth

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Shane Solly: Harbour Asset Management spokesperson on the increased concerns over slowing global growth · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks Be follow
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  Speaker 1: this and our wide range of podcasts now on iheartradioe
• 0:17
  Speaker 1: Ryan Bridge.
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  Speaker 2: Shane solis Here, Harbort Asset Management High Shane Get it.
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  Speaker 2: Ryan give us an overview of how global markets are
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  Speaker 2: doing as we start the week.
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  Speaker 3: Yeah.
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  Speaker 4: Look, there's been a few bumps to shear market so
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  Speaker 4: by this year, but there's a few signs that.
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  Speaker 3: Things are starting to stabilize. Last week, USUA market was flat.
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  Speaker 3: Now that doesn't sound great, but it's actually better than
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  Speaker 3: we've seen for a little while. And it was on
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  Speaker 3: this sort of more dubbish signals from the US Visual Reserve.
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  Speaker 3: They were less worried about increasing rates. And the market
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  Speaker 3: continues to struggle with this economic growth slowing down and
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  Speaker 3: trade consumers. So you to date we're sending the US
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  Speaker 3: market down three percent. But mister Trump, he's come out
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  Speaker 3: and said that he will be flexible and tear us
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  Speaker 3: with China, and you may actually it's open his stingdoms
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  Speaker 3: to g so could be a better signalants of markets
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  Speaker 3: going forward. Europe's been the star. The Ryan's up levem percent.
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  Speaker 4: You to day all about defense and infrastructure spending, China
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  Speaker 4: not bad, only down two percent, and it's all about
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  Speaker 4: stimulus here in yours one the market was slightly up today,
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  Speaker 4: a bit of strength and Auk and Airport Meridion main
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  Speaker 4: forrat but we're still down seven point six percent year today.
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  Speaker 3: So there's a few months but we're starting to see
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  Speaker 3: some better science.
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  Speaker 2: How worried are they? You mentioned growth? How worried are
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  Speaker 2: markets about global growth and the prospect? Yes, it might
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  Speaker 2: be taking a turn.
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  Speaker 3: It's a really this is what it's all about, and
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  Speaker 3: you've hit on there. This is why markets are said
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  Speaker 3: violatile and certainty around growth forecast, particularly rather the trade
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  Speaker 3: and government efficiency drives. You know, we shouldn't be surprised,
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  Speaker 3: but we've had a pretty good recovery last year and
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  Speaker 3: so markets are pretty weary. There's a few data points
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  Speaker 3: coming up this week that actually might help with that. Tonight,
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  Speaker 3: we've got US Russia talking and there's this purchasing manager
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  Speaker 3: and disease out of Europe and the US. And what
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  Speaker 3: a PMI is is it's a lead indicator for activity.
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  Speaker 4: And then we get later in the week, we get,
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  Speaker 4: particularly on Thursday, what's called the core personal consumption and
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  Speaker 4: experienture PCI price in Dix and that's what the US
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  Speaker 4: for the reserve users to set rates. And then we
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  Speaker 4: end a week on Friday with the University of Michigan Sentiment,
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  Speaker 4: which is all about consumer confidence. There's a few real
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  Speaker 4: key data points coming up, but we're all going to
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  Speaker 4: keep watching to see what mister Trump says next.
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  Speaker 2: Certainly well, Shane, thanks for that, Shane, Solly Harbor Raset Management.
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