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Financial news- Oct 23, 2020

Financial News for the Week of October 23, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK United States Covid-19 infections continued to rise this week, nearing record highs set in July. Concerns regarding this trend weighed on markets, but progress on a new stimulus package helped improve the mood…


Financial News for the Week of October 16, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK United States Covid-19 infections are surging in much of the world, prompting new restrictions in Europe and dampening market sentiment early in the week. U.S. data painted a clear picture of pandemic life.…


Financial News for the week of October 9, 2020

Financial News for the Week of October 9, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK United States Fiscal policy (or lack thereof) drove much of the news cycle this week. On the same day the Federal Reserve Chair made the case for more fiscal support, President Trump tweeted that negotiations…


Financial News for the week of October 5th, 2020

Financial News for the Week of October 5, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK United States Following a four-week losing streak, U.S. financial markets regained some gusto, buoyed by optimism on the prospect of a new stimulus package. The labor market continues to mend, albeit at a…


Financial news for the week of September 25, 2020

Financial News for the Week of September 25, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK United States Major U.S. equity markets edged lower this week, extending their losing streak to four weeks. This came alongside an uptick in new COVID-19 cases and growing evidence that the economic recovery…


Financial news for th week of September 18, 2020

Financial News for the Week of September 18, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK United States The Federal Reserve is not likely to increase interest rates until at least end-2023, however, this has not been enough to quench investors’ thirst for more liquidity. Retail sales strengthened…


Financial news for the week of September 11, 2020

Financial News for the Week of September 11, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A wide dispersion of forecasts for U.S. growth over the next year reflects high levels of uncertainty around the duration of the health crisis as well as future government supports. Assuming a modest fiscal…


Financial news for the week of September 4, 2020

Financial News for the Week of September 4, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK After reaching new highs early in the week, financial markets tumbled, driven by a broad sell-off in technology stocks. The S&P 500 is on track to end the week about 3% below last week’s close. The labor…


Financial news for the week of August 28, 2020

Financial News for the Week of August 28, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Federal Reserve Chair Powell unveiled a change in the Fed’s monetary policy strategy, announcing that it will target an inflation rate “that averages 2% over time” (instead of a strict 2% goal), and that it…


Financial news for the week of August 21, 2020

Financial News for the Week of August 21, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The housing market continues to exceed expectations. Existing home sales and starts rose by 24.7% m/m and 22.6%, respectfully in July. Existing home sales are now 8% above January levels while starts are 7%…