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Financial News for the Week of March 8, 2019
HIGHLIGHTS OF THE WEEK This week started off on an upbeat note. An uptick in the ISM non-manufacturing index got the ball rolling, with the headline rising by 3.0 points to 59.7 in February. In a nice twist to the recent doom and gloom, housing…
Financial News for the Week of March 1, 2019
HIGHLIGHTS OF THE WEEK The U.S. economy grew a robust 2.9% in 2018, the best performance since 2015, but growth moderated at the end of the year and at the start of 2019. The government shutdown and soft consumer spending in December are expected…
Financial News for the Week of February 22, 2019
HIGHLIGHTS OF THE WEEK The barrage of negative U.S. data continued this week, with weakness in December durable goods orders and a decline in existing home sales in January. Still, markets were hopeful that progress would be made in the China-U.S.…
Financial News for the Week of February 15, 2019
HIGHLIGHTS OF THE WEEK December retail sales came in significantly weaker than expected, falling 1.2% m/m, with the decline being broad-based. Consumption in Q4 is now tracking around 2.6% annualized – softer than expected, but still a pretty good…
Financial News for the Week of February 8, 2019
HIGHLIGHTS OF THE WEEK Global central banks have followed the cue set by the Fed, as they too take a break from tighter monetary policy to assess mounting risks to global growth. Activity in the U.S. services sector cooled a bit in January as…
Financial News for the Week of February 1, 2019
HIGHLIGHTS OF THE WEEK Financial markets extended their gains this week. The re-opening of the U.S. government, the dovish FOMC statement, progress in the U.S.-China trade talks and a strong January payroll report all helped to boost sentiment.…
Financial News for the Week of January 25, 2019
HIGHLIGHTS OF THE WEEK Global equity markets are up on the week, despite some negative economic news, and continued dysfunction in Washington. The ECB characterized the economic risks as to the downside, and will be more cautious removing……
Financial News for the Week of January 18, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The government shutdown extended to its 28th day, making it the longest on record with no clear end in sight. The White House upped its estimate of the impact of the government shutdown to a 0.5ppt drag on 19Q1…
Financial News for the Week of January 11, 2019
HIGHLIGHTS OF THE WEEK U.S. equity markets built on last Friday’s gains, firming up for the second consecutive week. Seemingly-fruitful trade negotiations between the U.S. and China offered notable support. With respect to data, both the ISM…
Financial News for the Week of January 4, 2019
HIGHLIGHTS OF THE WEEK The New Year came with baggage from the old for thousands of federal employees caught in the middle of a budget tug-of-war between Congress and the White House that has led to a partial government shutdown. The volatility in…