Bringing you live news and features since 2006 

Nancy Curtin, Close Brothers

US GDP figures ‘hardly set the world alight for investors’


Nancy Curtin (pictured), CIO, Close Brothers Asset Management comments on the latest US Q3 GDP figures, which show a 2.1 per cent rise…

An upwards revision third quarter will hardly set the world alight for investors. However, it is the most recent data coming out of the US that has cemented confidence in its economic momentum. Jobs figures for October smashed expectations, while consumer sentiment remains strongly upbeat.  Retail figures have been a little more mixed, but this is more a reflection of a new smarter and cost conscious consumer than any fundamental economic issues. Inventory de-stocking weighed on third quarter growth, but as companies rebuild their inventories, this actually bodes well for the figures in the final quarter.
All of this has seen the Fed seemingly pencil in a rate rise next month, a vote of confidence in the US’ economic stability. In fact, Yellen couldn’t have been much more clear that she expects to start rate normalisation in December. We don’t expect this to startle markets. Not only has it been on the cards for quite some time, but the Fed has repeatedly reassured that rate rises will be steady and incremental, rather sharp and substantial hikes.” 

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by