海外研报

Obvious trend damage but breadth improves

• Background macro factors like disposable personal income growth

Global Economics Wrap-Up: August 2, 2024

Former US President Donald Trump’s proposed tariffs are likely to accelerateshifts in the allocation of global trade:o We use product-level variation in tariff rates and trade patterns to estimate

Quicker labour market cooling could mean more aggressive Fed

A much quieter calendar lies ahead for the coming week, highlighted by ISM services and the Fed’s senior loan officer opinion survey (SLOOS).

US/Europe Monthly ETF Flow Tracker

Flows into US-listed ETFs accelerated sharply in July to +$89.2bn (vs. $41.9bnin June). Among the broad categories we track, Broad-Based Index Equity ETFs