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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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HIGHLIGHTS OF THE WEEK – May 13 United States U.S. trade data surprised to the downside with the deficit narrowing by a paltry $1.5 billion and landing at $40.4 billion. The details of the report were relatively constructive, with exports rising by 2.1 m/m, outpac­ing the 1.1% m/m gain in imports. On Wednesday, FOMC Chair …
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  HIGHLIGHTS OF THE WEEK – May 6 United States Wednesday’s release of the first estimate of real GDP growth in Q1 showed that the winter left a bigger dent than expected, with economic growth basically stalling in the first quarter of 2014 at 0.1% (saar). Fortunately, other data out this week offered plenty of …
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