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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Global growth outlook cools amid higher interest rates and market volatility

Q1 2019 | Fixed Income Outlook

The outlook for global growth in 2019 has slipped because of rising real interest rates, trade tensions, and asset market volatility.

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How resilient is the rebound?

Q2 2019 | Equity Outlook

Equity investors may be overlooking a key risk in the current economic environment.

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Economic Update for April 15, 2019

Economy
  • Both import and export prices rose in March, the Bureau of Labor Statistics stated.
  • The CPI increased 0.4% and core CPI rose 0.1% in March, the Bureau of Labor Statistics noted.
  • The Census Bureau reported that factory orders fell 0.5% in February.
Employment
  • Initial jobless claims fell by 8,000 to 196,000 in the week ended April 6, 2019, according to the Department of Labor.
Profits
  • As of April 5, 2019, the estimated earnings decline for the first quarter for the S&P 500 Index is -4.2%, according to FactSet.
Emotion
  • The University of Michigan’s preliminary index of consumer sentiment fell to 96.9 in April from 98.4 in March.
  • The NFIB Small Business Optimism Index improved in March.