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Financial News for the Week of October 28, 2016
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The odds of a rate increase in December have continued to climb higher this week, rising to about 75% from 67.5% a week ago and 54% last month. Expectations were buoyed by hawkish Fedspeak and solid domestic…
Financial News for the Week of October 21, 2016
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Stocks are poised to finish the week in positive territory for the first time in a month, helped by a good start to earnings season which suggests the U.S. profit recession is likely coming to an end. U.S. data…
Financial News for the Week of October 14, 2016
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK After last week’s ‘Goldilocks’ jobs report, the positive data stream continued for the U.S. economy, with retail spending in September rising by the most in three months. Taken together, both reports provide…
Financial News for the Week of October 7, 2016
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK While attention is focused on Hurricane Matthew, at least there was some good news from the U.S. economy. Both ISM sentiment indices pointed to greater confidence in September for manufacturing and services. A…
Financial News for the Week of September 30, 2016
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Concerns over German banks and a surprise production cut announcement by OPEC provided some volatility to financial markets this week. Economic data was mixed this week. Second quarter real GDP was revised up…
Financial News for the Week of September 23, 2016
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The Bank of Japan announced two new policy measures this week, aiming to target the interest rate on the longer-end of the curve at zero, and pledging to let inflation overshoot the target – effectively…
Financial News for the Week of September 16, 2016
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Market volatility picked up this week after a post-Brexit summer slumber, with moves dominated by speculation on whether we’ve seen the bottom for longer-term global interest rates. Hawkish statements by Fed…
Financial News for the Week of August 26, 2016
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Economic data this week were supportive of the narrative of ongoing improvement in activity. Despite a slight downward revision to estimated real GDP growth in the second quarter (1.1% from 1.2%), the details…
Financial News for the Week of August 19, 2016
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The week offered plenty of data to gauge the strength of the global economic recovery, with the generally dovish rhetoric from major central banks, including the Fed, supporting global equities which also got a…
Financial News for the Week of August 12, 2016
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK U.S. stock markets reached new highs this week, with the S&P 500, Dow, and Nasdaq all breaking records, but the economic data has been disappointing. Retail sales data for July suggests a slow start to…