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HIGHLIGHTS OF THE WEEK – April 22/15 United States The week has been a busy one for investors with a kickoff to Q1 earnings season coupled with a slew of economic reports largely completing the picture of economic activity during the first-quarter. Reports from China were lackluster, with trade, industrial production, and GDP all below …
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HIGHLIGHTS OF THE WEEK – April 13 United States Expectations for Fed policy continue to be the dominant theme in financial markets. In the topsy-turvy world of data-dependent monetary policy, the slowdown in job growth in March (to just 126k) was positive for risk sentiment, assuaging fears of an earlier liftoff for interest rates. The …
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HIGHLIGHTS OF THE WEEK – March 6 United States Data released by the BEA showed personal income grew a touch stronger than the consensus forecast in February, ris­ing by 0.4% m/m. Consumer spending was weaker though, with the headline measure posting only a modest increase of 0.1% m/m. The Conference Board’s Consumer Confidence index rose …
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HIGHLIGHTS OF THE WEEK – March 30 United States Manufacturing purchasing managers indexes for March came in below expectations in Japan and China, but above expectations in Europe. The positive PMI release follows a string of other positive data out of Europe, increasing confidence for a much-awaited rebound in the euro area economy. Consumer price …
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HIGHLIGHTS OF THE WEEK – March 23 United States The economic highlight of the week was the eagerly-awaited FOMC meeting. As expected, the central bank eliminated patience from its statement; however this was more than offset by a downgraded growth outlook and lower expectations on the future trajectory of the federal funds rate. Markets responded …
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