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HIGHLIGHTS OF THE WEEK – July 25 United States• Market sentiment continued to improve this week as worries over Turkish contagion waned, while marketsremained resilient in the face of Brexit while counting on central bank stimulus in the coming weeks.• Advance PMIs suggest that the U.K. economy is contracting in July, but the activity in …
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Which mortgage term will save you money over the next five years? A significant “negative shock” to the economy: That’s what it’s going to take to lower interest rates again, says Canada’s most powerful banker. And Bank of Canada head Stephen Poloz isn’t betting on that happening any time soon. Neither are bond traders, the big guns …
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HIGHLIGHTS OF THE WEEK United States• Indicators this week continued to suggest a strong expansion in economic activity in the U.S. last quarter.The strength in retail sales through June supports growth of 2.5% for the second quarter, and, togetherwith strong job and wage gains, suggests a strong hand-off to third quarter growth.• Global uncertainty diminished …
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HIGHLIGHTS OF THE WEEK – July 11United States• As financial markets continue to digest the outcome of Britain’s referendum decision to leave the EU,attention this week turned to the American economy where data were generally upbeat.• ISM indexes for both the manufacturing and non-manufacturing sectors showed activity picked up in June.This news, however, paled in …
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HIGHLIGHTS OF THE WEEK – July 4 United States• Some stability has returned to financial markets this week, following post-Brexit selloff. Volatility has subsidedand equities rallied, with the S&P 500 erasing much of its Brexit-related losses.• Economic data were also encouraging. Personal spending rose by a solid 0.4% m/m in May, coming onthe heels of …
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