Schroders' Maisonneuve: US in a 'volatile state'

Schroders head of global equities Virginie Maisonneuve believes the US economy is in a volatile state between weak macro data and strong corporate results.

While investors have been disappointed in recent weeks with poor economic figures, especially the weaker-than-expected GDP growth last Friday, US stocks surged to a 10-week high yesterday as companies continue to post strong Q2 results. "The US economy is a volatile state at the moment," Maisonneuve, the co-manager of the recently launched Schroder Global Alpha Plus fund, told Bloomberg TV. "There is lot of weak data in terms of consumer demand - unlike in the industrial sector, where companies have actually been doing very well," she says. "We still have this plus and minus dynami...