Keep up to date on the global economy and its impact on markets.
Q2 2019 | Capital Markets Outlook
While the inverted yield curve has caused concern, we continue to see potential upside for risk assets.
- The Markit Composite PMI Output Index slipped to 50.9 in May from 53.0 in April.
- The trade deficit declined in April, according to the Census Bureau.
- Factory orders decreased 0.8% in April, the Census Bureau noted.
- Durable goods orders fell 2.1% in April, the Census Bureau stated.
- For the week ended June 1, 2019, initial jobless claims remained unchanged from the previous week at 218,000, according to the Labor Department.
- The U.S. added 75,000 jobs in May and the unemployment rate remained unchanged at 3.6%, the Bureau of Labor Statistics reported.
- As of May 31, 2019, of the 490 S&P 500 Index companies reporting first-quarter earnings, 357 — or 72.9% — beat analysts’ estimates, according to S&P Dow Jones Indices.
- Chief executive officers are “highly confident” in the growth prospects in domestic and global economies over the next three years, according to a KPMG survey.