Economic Updates

Keep up to date on the global economy and its impact on markets.

Risks have eased, but so has growth

Risks have eased, but so has growth

Q1 2020 | Capital Markets Outlook

We favor reducing risk as we look for proof that earnings can support asset valuations.

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Bonds likely to be range bound in 2020

Q1 2020 | Fixed Income Outlook

Global growth will likely stabilize and remain soft as we head into 2020.

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Fashion industry tackles sustainability challenges

Q1 2020 | Equity Outlook

Our Sustainable Investing Team discusses efforts to address environmentally unfriendly processes.

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Economic Update for April 6, 2020

Economy
  • Pending home sales increased 2.4% in February, the National Association of Realtors reported.
  • The trade deficit narrowed in February, the Census Bureau found.
  • The ISM Manufacturing PMI fell to 49.1 in March from 50.1 in February.
  • Durable goods orders jumped 1.2% in February, according to the Census Bureau.
Employment
  • Initial jobless claims rose by 3.3 million to 6,648,000 in the week ended March 28, 2020, the Department of Labor reported.
  • The U.S. lost 701,000 jobs and the unemployment rate rose to 4.4% in March from 3.5% in February, the Bureau of Labor Statistics reported, adding the data did not include many business and school closures in the second half of the month.
Profits
  • As of March 31, 2020, of the 501 S&P 500 Index companies reporting fourth-quarter earnings, 348 — or 69.4% — beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • The Conference Board Consumer Confidence Index fell sharply in March.