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...
by Laura Hochstetler | Oct 29, 2017 | Uncategorized, Weekly Market Update
Market Action The US economy grew at a faster-than-forecast pace of 3% in the third quarter, handily beating 2.5% forecasts. Economists had expected a moderate Q3 slowdown because of the impacts of hurricanes Harvey and Irma. Real consumer spending showed continued...
by Laura Hochstetler | Oct 22, 2017 | Uncategorized, Weekly Market Update
Market Action Global equities extended their gains this week and the Dow breached 23,000. Over the last week U.S. fund investors rushed into American and emerging market equities: Stock mutual funds and ETFs overall attracted $5.4B in the week ended Oct. 18, while...