Financial News
Financial News for the Week of October 5, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK United States Following a four-week losing streak, U.S. financial markets regained some gusto, buoyed by optimism on the prospect of a new stimulus package. The labor market continues to mend, albeit at a…
Financial News for the Week of September 25, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK United States Major U.S. equity markets edged lower this week, extending their losing streak to four weeks. This came alongside an uptick in new COVID-19 cases and growing evidence that the economic recovery…
Financial News for the Week of September 18, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK United States The Federal Reserve is not likely to increase interest rates until at least end-2023, however, this has not been enough to quench investors’ thirst for more liquidity. Retail sales strengthened…
Financial News for the Week of September 11, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A wide dispersion of forecasts for U.S. growth over the next year reflects high levels of uncertainty around the duration of the health crisis as well as future government supports. Assuming a modest fiscal…
Financial News for the Week of September 4, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK After reaching new highs early in the week, financial markets tumbled, driven by a broad sell-off in technology stocks. The S&P 500 is on track to end the week about 3% below last week’s close. The labor…
Financial News for the Week of August 28, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Federal Reserve Chair Powell unveiled a change in the Fed’s monetary policy strategy, announcing that it will target an inflation rate “that averages 2% over time” (instead of a strict 2% goal), and that it…
Financial News for the Week of August 21, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The housing market continues to exceed expectations. Existing home sales and starts rose by 24.7% m/m and 22.6%, respectfully in July. Existing home sales are now 8% above January levels while starts are 7%…
Financial News for the Week of August 14, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Markets were in a good mood overall this week, despite no deal in Congress on the next round of assistance. The big political news was Biden’s historic VP pick. With 81 days until the election, the race is on!…
Financial News for the Week of August 7, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Despite a surge in COVID-19 cases in July, economic data remained broadly positive. Vehicles sales rose 11.3% to a better-than-expected 14.5 million (SAAR). The ISM indices also ticked up on the month and beat…
Financial News for the Week of July 31, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Real GDP fell by an historic 9.6% in the second quarter (32.9% annualized), led by declines in spending on services as the economy locked down in March and April. The fall was deep but short. Spending rebounded…