Latest data released by KOF Swiss Economic Institute - 29 May 2019

The data here measures the future trends of overall economic activity in the Swiss economy. The reading is starting to show signs of further decline after a brief recovery over the past few months and that pretty much reflects the mood with regards to the global economy during the same period.

Markets were hopeful on a decent performance by China and Europe in Q1 but the signs are pointing towards further worries down the road, more so given that US and China have failed to reach a compromise on trade.