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HIGHLIGHTS OF THE WEEK – Feb. 10 United States After a choppy start to the week, equities rallied Thursday morning, following the European Central Bank’s (ECB) announcement to keep its policy rate at 0.25%. Despite mounting disinflationary pressures, the ECB made no mention of when they will end the sterilization of their Securities Market Program …
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HIGHLIGHTS OF THE WEEK – Feb 4 United States Capital outflows out of emerging markets, and BIITS in particular, intensified this week, leading the central banks of India, Turkey, and South Africa to raise their policy interest rates. Turbulence among EMs did not undermine the Fed’s resolve to reduce asset purchases, with the FOMC trimming …
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HIGHLIGHTS OF THE WEEK – Jan. 27 United States With little in the way of U.S. data out this week, investors turned their attention to the global economy where softer economic data out of China and rising political risks have given pause to investor optimism about the economic recovery. Data out of China showed a …
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HIGHLIGHTS OF THE WEEK – Jan. 21/14 United States In the aftermath of last Friday’s disappointing payroll numbers, this week the market searched for signs of a slowdown elsewhere in the economy. Fortunately, there were none to be found. Economic indicators out this week, such as retail sales and housing starts, continued to suggest that …
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HIGHLIGHTS OF THE WEEK – Dec. 23 United States The Federal Reserve announced it will slow the pace of asset purchases from $85bn to $75bn per month starting in January, marking the beginning of the end of Chairman Bernanke’s signature policy. The future pace of bond buying will be data dependent, but cuts of $10bn …
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