MONTHLY BULLETIN 2017 MARCH-APRIL (30/04/2017)
Activity in China's manufacturing sector unexpectedly expanded at the fastest pace in nearly 5 years in March, adding to evidence that the world's second-largest economy has gained momentum early this year. Long-term core numbers like these, especially in China, will underpin the global economy, and in turn could start to trigger the much-talked-about infrastructure projects, and thus, physical metals buying. Investors were jittery about the possibility President Donald Trump's healthcare bill might not pass, suggesting he may struggle to muster the backing needed to push through fiscal measures central to the U.S. government's economic agenda. Trump's election was seen as good for markets, but he is now being seen as potentially less effective than people were thinking. Commodity markets have soared since November on expectations Trump will increase spending on infrastructure. The dollar and U.S. long-dated Treasury yields sharp dropped with with worries easing over President Donald Trump's ability to push through economic reform.