Financial News & Insights

HIGHLIGHTS OF THE WEEK There was good news in the trade negotiations between the U.S. and China this week as the President announced a postponement of tariffs and China exempted key agricultural goods (pork and soybeans) from existing tariffs. The European Central Bank lowered its key

HIGHLIGHTS OF THE WEEK US-China trade tensions spiked last Friday as both countries announced more protectionist measures against each other, but later eased this week. Equity markets swept the escalation under the rug, making a full recovery on the week. Second-quarter U.S. GDP growt

HIGHLIGHTS OF THE WEEK This week may have been short on economic data, but the fireworks were lit on Friday as the President lashed out against China’s decision to impose tariffs on $75 billion of U.S. imports, sending stock markets into a tailspin. Risks increased, and global outlook

HIGHLIGHTS OF THE WEEK There was no summer vacation from financial market volatility this week as investors were increasingly worried that the global economy is about to slip into recession. The difference between the 10 and 2-Year Treasury yields turned briefly negative this week, se

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 around the world responded to the heightened risk posed

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 policy rate by 25 basis points this week, but markets we

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 Bank of England likely to be more cautious next week

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