Economic Updates

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

Rally losing steam, but risk signals remain muted

Rally losing steam, but risk signals remain muted

Q2 2019 | Capital Markets Outlook

While the inverted yield curve has caused concern, we continue to see potential upside for risk assets.

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Bonds rally as the Fed hits the pause button

Q2 2019 | Fixed Income Outlook

The outlook for global growth has cooled in 2019.

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What happened to value stocks?

Q3 2019 | Equity Outlook

Our views on the valuation spread, why investors don't want value, and which approaches may work best in the changing equity landscape.

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Economic Update for June 10, 2019

Economy
  • 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.
Employment
  • 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.
Profits
  • 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.
Emotion
  • 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.