Economic Updates

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

Markets wrestle with policy versus the pandemic

Markets wrestle with policy versus the pandemic

Q2 2020 | Capital Markets Outlook

We are looking for progress in public health and credit market indicators as policy responds to the economic shock surrounding the pandemic and efforts to contain it.

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A bull or bear market for bonds?

Q2 2020 | Fixed Income Outlook

An extremely sharp global downturn is unfolding as the coronavirus pandemic takes a toll on economic activity and sentiment.

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The road to recovery for equities

Q2 2020 | Equity Outlook

We explore what might lie ahead for the economy and markets, and provide an outlook for COVID-19 treatments.

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Economic Update for May 18, 2020

Economy
  • The Producer Price Index for final demand dropped 1.3% in April, the Bureau of Labor Statistics reported.
  • The CPI declined 0.8% and core CPI fell 0.4% in April, the Bureau of Labor Statistics found.
  • Retail sales plunged 16.4% in April, according to an advance estimate by the Census Bureau.
Employment
  • The advance seasonally adjusted insured unemployment rate was 15.7% for the week ended May 2, 2020, representing an increase of 0.3 percentage points from the previous week's revised rate, according to the Department of Labor.
Profits
  • As of May 9, 2020, of the 433 S&P 500 Index companies reporting first-quarter earnings, 294 beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • The University of Michigan’s index of consumer sentiment rose to 73.7 in May from 71.8 in April.
  • The NFIB Small Business Optimism Index fell in April.