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Insights & News

Stay up to date with global markets, discover our latest thinking on key topics, themes and asset classes, plus recent fund news.

Infocus - A rule of thumb for the US labour market

Infocus - A rule of thumb for the US labour market

The latest US labour market report released on 8 March contained mixed messages. While the headline change in non-farm payrolls was much stronger than expected, the previous month’s data was revised significantly lower and there was an increase in the unemployment rate. With so much information contained within the report, it can be difficult to interpret. Daniel Murray reviews the data in this edition of Infocus and suggests a rule of thumb for thinking about the state of the US labour market.

  • 15 March 2024
Infocus - The effective exchange rate of the renminbi

Infocus - The effective exchange rate of the renminbi

EFG Chief Economist Stefan Gerlach looks at the drivers of the trade-weighted nominal exchange rate of the renminbi. He argues that it evolves over time in response to the difference between inflation in China relative to its trading partners and real economic activity in China. With real GDP, at best, forecast to grow in line with its trend – albeit with considerable downside risk – and with inflation likely to remain below that of its main trading partners, the outlook is for continued renminbi weakness.

  • 11 March 2024
Inview March 2024

Inview March 2024

Inview - In this publication we consider significant developments in the world’s markets, and discuss our key convictions and themes for the coming months.

  • 06 March 2024
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