Financial News
Financial News for the Week of August 9, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK China responded to the threat of additional U.S. tariffs by halting agricultural purchases and allowing its currency to weaken beyond the psychologically important 7 yuan to the dollar level. Central banks…
Financial News for the Week of August 2, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Financial markets plunged after mixed messaging by the Federal Reserve, and later a 10% tariff on all remaining imported Chinese goods was announced to take effect in September. The Federal Reserve cut its…
Financial News for the Week of July 26, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Markets had no summer vacation this week, with a new British PM, dovish message from the European Central Bank, and new U.S. GDP data to digest. Advanced economy central banks are all sounding dovish, with the…
Financial News for the Week of July 19, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Chinese economic growth slowed 6.2% y/y in the second quarter of this year, as rising trade tensions weighed on activity. Signs of wear are also showing in the U.S., where industrial output continued to grow at…
Financial News for the Week of July 12, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK In a busy week for Fed communication, Chair Powell gave his semiannual testimony to Congress where he confirmed that crosscurrents hitting the outlook would likely require some additional accommodation. The Fed…
Financial News for the Week of July 5, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK News of a trade truce between the U.S. and China buoyed equity markets at the start of the week. The ceasefire put additional tariffs on hold, and there were some modest concessions on both sides. On the…
Financial News for the Week of June 28, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A light week on economic data was filled with Fed speeches and a trickle of news flow on the upcoming meeting between Presidents Trump and Xi. We do not expect to see a major breakthrough this weekend, but…
Financial News for the Week of June 21, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The biggest event this week was the Fed’s pivot away from patience. It is now poised to act in the event of a further deterioration in the outlook. This cheered markets, with stocks and bonds rallying. The…
Financial News for the Week of June 14, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A potential trade war between U.S. and Mexico was averted, but global trade uncertainty remains. Despite markets pricing in rate cuts, domestic indicators suggest that the U.S. economy is on decent footing.…
Financial News for the Week of June 7, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Trade tensions continued to dominate economic headlines, with U.S.-Mexico taking center stage. It remains unclear if a deal can be reached by Monday. The US-China spat also resurfaced, with signs that it is…