Financial News & Insights

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 a slow pace in June. U.S. housing data remains soft

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 Chair also noted that he doesn’t see the labor mark

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 economic front, messages were decidedly mixed this week. T

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 rather an agreement to continue talking (forestalling at

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 Fed’s dot plot also showed that the majority of FOMC mem

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. Inflation remains stubbornly low, however. The Fed rate

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 spreading beyond goods trade. Fed Chair Powell noted th

HIGHLIGHTS OF THE WEEK U.S.-China trade tensions continued to dominate headlines as both countries dig in for another round of negotiations under more strained circumstances. U.S. tariffs against Mexico appear to also be in the works. As trade tensions flare, investors have run for co

HIGHLIGHTS OF THE WEEK Pessimism dominated markets this week, as negative headlines about U.S.-China trade relations continued. UK PM Theresa May announced her resignation after repeated attempts to get her negotiated Brexit deal through parliament failed.The pound fell this week as m

HIGHLIGHTS OF THE WEEK Equity markets rebounded this week as the U.S. administration delayed its decision on auto tariffs for six months. Housing starts and retail sales data for April support the narrative of healthy domestic spending this quarter. That said, externally oriented indu