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HIGHLIGHTS OF THE WEEK – Aug 25 United States Broad equity indices recorded consistent gains through Thursday as a strong domestic data and anticipa­tion of dovish remarks by Fed Chair Yellen at the Jackson Hole symposium this morning were enough to offset some of the hawkish undertones apparent in the July FOMC minutes. But, with …
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HIGHLIGHTS OF THE WEEK – Aug 18 United States The U.S. economy appears to be sustaining the robust economic momentum kick-started in the second quarter. Labor market fundamentals continue to improve. Job openings from the JOLTs survey surpassed their pre-recession peak, and details of the NFIB small business optimism survey were also encouraging. Economic news …
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HIGHLIGHTS OF THE WEEK – Aug 12 United States Soft risk sentiment throughout much of the week was driven largely by escalating tensions in the Middle East and retaliatory import bans by Russia on a host of countries. At the time of writing, U.S. equities were 0.9% lower on the week, while the 10-year yield …
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HIGHLIGHTS OF THE WEEK – Aug 4 United States Equity markets sank this week, as concerns over Argentina’s debt default, Russian sanctions, and the timing and impact of fed rate hikes led to broad based sell offs. Despite the somber mood in financial markets, the litany of economic data out this week was positive. Con­sumer …
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HIGHLIGHTS OF THE WEEK – July 28            United States Concerns over the rapid rise in inflation in recent months eased somewhat this week. Core CPI surprised markets by decelerating to 1.9% year-over-year from 2% last month. Meanwhile, headline inflation came in as expected at 2.1%. Data on the housing market was a mixed bag. On …
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