ASR WSJ Newsflow
The ASR/WSJ Global Composite Newsflow Indicator (CNI) fell in November to 59.6, from 65.3 in October, it’s biggest one-month fall since October 2008.
• All the components were down but the Labour Market and Inflation components saw the biggest falls, down by 10.6 and 9.5 respectively.
• The Monetary Policy component also fell substantially, by 6.8, reflecting less coverage of tightening monetary policy, though at 78.3 it remains elevated and up significantly on a 12M basis.
• The Global Economic component weakened further, falling to 37.3 from 41.5, indicating that negative stories about the global economy outnumber positive ones by not far off two to one. It is now at its lowest level since September 2016.
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