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HIGHLIGHTS OF THE WEEK – June 9            United States This week’s data provided plenty of evidence that U.S. economic growth is back on track after a disap­pointing start of the year. Activity improved in both manufacturing and non-manufacturing sectors in May, new vehicle sales surged to 16.7M, but most importantly the labor market churned …
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HIGHLIGHTS OF THE WEEK – June 2 United States The second estimate of Q1 real GDP was revised down to -1.0% annualized, from an initial estimate of +0.1% and below market expectations for -0.5%. While Q1 was a disappointment, the January-March period is in the rearview mirror. High frequency data for Q2 paint a picture …
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HIGHLIGHTS OF THE WEEK – May 26            United States A year since Ben Bernanke first signalled the eventual end of Quantitative Easing, bond markets have been on a wild ride. After rising by close to 100 basis points over the course of 2013, the 10-year Treasury yield has pulled back around 50 basis points through …
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HIGHLIGHTS OF THE WEEK – May 20 United States Eurozone GDP for Q1 sorely disappointed and has, alongside weak inflation figures across the currency bloc, prompted the ECB to in earnest consider additional stimulus come June. Japanese GDP surprised to the upside in Q1, as consumers pulled forward consumption ahead of the tax hike, while …
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