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HIGHLIGHTS OF THE WEEK – Sept. 10 United States The European Central Bank announced yesterday that it will be cutting its policy rate by 10 basis points (bps), taking the refinancing and deposit rates down to 0.05% and -0.20%, respectively. In addition to the across the board rate cuts, ECB President Mario Draghi also announced …
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HIGHLIGHTS OF THE WEEK – September 2nd United States Second quarter real GDP growth was revised to 4.2%, above the previous estimate of 4%. The underlying details revealed stronger business fixed investment, with less inventory accumulation, suggesting modest upside for business investment in the third quarter. Consumer confidence now sits at its highest level since …
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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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