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HIGHLIGHTS OF THE WEEK – June 7 United States• The U.S. job machine slowed in May (+138k jobs) as the unemployment fell to a sixteen year low of 4.3%.A pullback in the participation rate contributed to the fall in the unemployment rate.• The Federal Reserve’s preferred measure of price growth slowed in April to 1.7% …
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HIGHLIGHTS OF THE WEEK – May 29/17 United States• Despite the upward revision to first-quarter GDP growth, with the second estimate indicating a 1.2% annualizedgain on stronger consumption and investment, market reaction was relatively subdued giventhat the overall story is largely unchanged.• Although investors are almost fully pricing in a June rate hike, the yield …
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HIGHLIGHTS OF THE WEEK – May 23 United States• Investors perceived this week’s political developments in the U.S. as likely to delay the implementationof pro-growth policies. As a result, they risk assets sold off midweek in favor of gold and treasuries. Riskappetite appeared to make a comeback toward the end of the week along with …
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HIGHLIGHTS OF THE WEEK – May 8 United States• The past week was action packed with economic data and events in Washington. Data largely supportedthe view that the U.S. economy will bounce back from its winter weakness.• The job market sprang back into action in April, enabling investors to heave a sigh of relief that …
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HIGHLIGHTS OF THE WEEK -May 1United States• First quarter GDP growth came in at just 0.7% (annualized) – slightly weaker than consensus. The mainculprit behind the slowdown was consumer spending, which barely grew. Much of the drag on growthappears to be temporary and we expect activity to rebound above 3% in the second quarter.• The …
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