Weekly Market Update

Market Action The Euro rose to a three-year high versus the dollar on Friday after German party leaders reached a breakthrough in talks to form a “grand coalition” and minutes from the ECB’s mid-December meeting signaled the ECB could slow its stimulus...

Weekly Market Update

Market Action The Dow Jones Industrial Average closed above 25,000 for the first time on Thursday, while the FTSE 100 and MSCI Asia Pacific also closed at all-time highs during the week. All three major US stock indices – the Dow, the S&P 500, and the Nasdaq –...

Weekly Market Update

Market Action World stocks, as measured by the MSCI All-Country World Index, have risen every month this year – the first time in its history that a calendar year has passed without a monthly decline. (In fact, the index hasn’t had a down month since October 2016.) It...

Weekly Market Update

Market Action The US tax reform bill was passed by both houses of Congress this week and signed into law on Friday. The law will reduce taxes for corporations and revamp taxation of multinational companies to encourage repatriation. The measure will also offer...

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...

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...