Economic Updates

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

Facing facts of a creeping contraction

Facing facts of a creeping contraction

Q4 2019 | Capital Markets Outlook

As late-cycle signals grow louder, it's time for tactical caution across asset classes.

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Bond rally reflects economic uncertainty

Q4 2019 | Fixed Income Outlook

Global growth has cooled in 2019 as trade conflicts have taken a toll on international manufacturing, investments, and financial markets.

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A market of mixed messages

Q4 2019 | Equity Outlook

We enter the final quarter of the year with a somewhat puzzling backdrop for equity investors.

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Economic Update for December 9, 2019

Economy
  • Construction spending fell 0.8% in October, according to the Census Bureau.
  • The Markit U.S. PMI Composite Output Index increased to 52.0 in November from 50.9 in October.
Employment
  • Initial jobless claims fell by 10,000 to 203,000 in the week ended November 30, 2019, according to the Labor Department.
  • The U.S. added 266,000 jobs and the unemployment rate slipped to 3.5% in November from 3.6% in October, according to the Bureau of Labor Statistics.
Profits
  • As of November 29, 2019, of the 491 S&P 500 Index companies reporting third-quarter earnings, 368 beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • The University of Michigan’s preliminary reading of its index of consumer sentiment rose to 99.2 in December from 96.8 in November.