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 24, 2019

Economy
  • The Conference Board Leading Economic Index remained unchanged in May.
  • Housing starts fell by 0.9% in May, according to the Census Bureau and the Department of Housing and Urban Development.
  • Existing home sales jumped 2.5% in May, the National Association of Realtors stated.
Employment
  • For the week ended June 15, 2019, initial jobless claims fell by 6,000 to 216,000, according to the Labor Department.
Profits
  • As of June 13, 2019, of the 500 S&P 500 Index companies reporting first-quarter earnings, 368 — or 73.6% — beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • The ZEW Indicator of Economic Sentiment for Germany fell in June.