by Laura Hochstetler | Dec 17, 2017 | Uncategorized, Weekly Market Update
Market Action Flash estimates of purchasing managers indices suggest that global economic momentum has persisted into December. Manufacturing PMI for Europe hit a record high of 60.6 in December, and Japan saw its manufacturing index reach the highest level in four...
by Laura Hochstetler | Dec 9, 2017 | Uncategorized, Weekly Market Update
Market Action The U.K. and the E.U. reached an agreement Friday on Brexit terms after six months of tense talks. The deal clears the path for discussions to start next year on the new terms of trade between the U.K. and its biggest commercial partner. A report by the...
by Laura Hochstetler | Dec 3, 2017 | Uncategorized, Weekly Market Update
Market Action November was the best month for Eurozone factories in over 17 years. IHS Markit’s final manufacturing PMI for the Eurozone climbed to 60.1 last month from October’s 58.5. New orders and backlogs surged and headcount increased at the fastest...
by Laura Hochstetler | Nov 19, 2017 | Uncategorized, Weekly Market Update
Market Action Global equities edged slightly lower this week amid an uptick in volatility. Yields on benchmark US 10-year Treasury notes slipped a few basis points to 2.35%, and the price of a barrel of West Texas Intermediate crude oil fell about 3% mid-week before...
by Laura Hochstetler | Nov 12, 2017 | Uncategorized, Weekly Market Update
Market Action Global equities reached all-time highs at midweek before backing down amid anxiety about delays in US corporate tax cuts. Saudi Arabia’s crackdown on corruption, growing tensions between Iran and Saudi Arabia, and the potential for a Venezuelan debt...
by Laura Hochstetler | Nov 5, 2017 | Uncategorized, Weekly Market Update
Market Action Global equities set record highs again during the week, against a backdrop of solid economic and earnings growth. U.S. job growth accelerated in October after hurricane-related disruptions in the prior month. The unemployment rate fell to 4.1%, a 16-year...