Financial News for the Week of July 28, 2017
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK It was a good start to the week for U.S. equities, with stock prices boosted by another round of strong earnings reports and a weakening in the US dollar to its lowest level in over a year. However, these gains…
Financial News for the Week of July 21, 2017
HIGHLIGHTS OF THE WEEK It was a light domestic data week with investors focused on politics, central banks, and international data. U.S. equities set new records with the S&P 500 a mere 25 points from 2,500. while the dollar weakened broadly.…
Financial News for the Week of July 14, 2017
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Fedspeak took center stage this week. Fed Chair Yellen delivered prepared remarks to Congress, where among other things, she acknowledged the uncertainty as to when inflation would rise back toward its target.…
Financial News for the Week of July 7, 2017
HIGHLIGHTS OF THE WEEK Global bond yields moved higher this week following cautiously hawkish statements by central bankers last week. Above-trend economic growth in advanced economies is expected to persist. But, inflation is expected to lag owing…
Financial News for the Week of June 30, 2017
HIGHLIGHTS OF THE WEEK Bond markets sold off sharply this week on remarks from monetary policymakers. Bond yields rose by 20 to 25 basis points in Germany and the UK, respectively. Yields on Treasuries also rose, but markedly less as U.S. data has…
Financial News for the Week of June 23, 2017
HIGHLIGHTS OF THE WEEK Equity markets started off the week on a positive note. But the advance proved transitory as oil prices slid into bear territory, sending energy stocks and the main indices lower. With little in the way of economic data, Fed…
Financial News for the Week of June 2, 2017
HIGHLIGHTS OF THE WEEK The U.S. job machine slowed in May (+138k jobs) as the unemployment fell to a sixteen year low of 4.3%. A pullback in the participation rate contributed to the fall in the unemployment rate. The Federal Reserve’s preferred…
Financial News for the Week of May 26, 2017
HIGHLIGHTS OF THE WEEK Despite the upward revision to first-quarter GDP growth, with the second estimate indicating a 1.2% annualized gain on stronger consumption and investment, market reaction was relatively subdued given that the overall story…
Financial News for the Week of May 19, 2017
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Investors perceived this week’s political developments in the U.S. as likely to delay the implementation of pro-growth policies. As a result, they risk assets sold off midweek in favor of gold and treasuries.…
Financial News for the Week of May 12, 2017
HIGHLIGHTS OF THE WEEK Markets started the week off on a good note on French presidential election results and fairly constructive earnings and economic data. The S&P 500 flirted with record highs, and the VIX fell to its lowest level in more…