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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Bonds rally as the Fed signals possible rate cut

Q3 2019 | Fixed Income Outlook

The global economy has cooled in 2019 as the fallout from the ongoing trade rifts, waning business confidence, and financial market volatility have kept the lid on expansion.

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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 October 21, 2019

Economy
  • Retail sales fell 0.3% in August, the Census noted in an advance estimate.
  • Business inventories remain unchanged in August, the Census Bureau reported.
  • Housing starts plunged 9.4% in September, according to the Census Bureau.
  • Industrial production declined 0.4% in September, the Federal Reserve stated.
Employment
  • Initial jobless claims rose by 4,000 to 214,000 in the week ended October 12, 2019, according to the Labor Department.
Profits
  • As of October 10, 2019, of the 23 S&P 500 Index companies reporting third-quarter earnings, 20 beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • The ZEW Indicator of Economic Sentiment for Germany declined in October.