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...

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...

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...

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...

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...

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...