ASR WSJ Newsflow
ASR/WSJ Newsflow: Composite Newsflow rose to 62.5 in April
• The ASR/WSJ Global Composite Newsflow Indicator rose in April to stand at 62.5, but remains down on a 3-month view
• The Economic component fell sharply to 45.8 from 49.5, the third straight month it has declined.
• Conclusion: While the overall Composite rose, the key take-away for us is that the Economic component has weakened for three months in a row at the same time as the Monetary Policy component continues to be consistent with further global tightening. Economic Newsflow is starting is starting to suggest that global growth is past its best.
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