There has never been a recession in America without a preceding slide in road haulage, as Jonathan Allum points out in The Blah.
Other recent data has also defied the gloomsters, says a Gavekal Research note. The Atlanta branch of the US Federal Reserve has nudged its first-quarter GDP growth estimate up to 2.1%; manufacturing data and mortgage applications also indicate "a steadying of the ship". A "newly dovish" central bank should also boost investors' confidence.
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Robert Colvile, City A.M.
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Jeremy Hunt: Tech and defence will make Britain great again - investors should stay or risk missing outFor investors shifting away from the UK, tech and defence may well be opportunities worth staying for, the former chancellor Jeremy Hunt says.
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Can the House of Lords change the government’s mind on controversial inheritance tax reforms?The House of Lords has launched an inquiry into inheritance tax changes on pensions and agricultural property relief - can the government’s plans be stopped?
