Economic and market updates

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Monthly market summary: October 31, 2015

Economic Update for November 23, 2015   |   Download PDF

Highlights of news-making events of the past week, from the economy and profits to Europe and interest rates.


The BLS reported the CPI and core CPI both rose 0.2% in October. The Fed noted industrial production declined 0.2% in October. The Commerce Dept. found housing starts declined 11.0% in October. The Conference Board Leading Economic Index increased in October.


Initial jobless claims fell by 5,000 to 271,000 in the week ended November 14, 2015, according to the Labor Department. The four-week moving average was 270,750.


As of November 12, 2015, of the 457 S&P 500 Index companies reporting third-quarter earnings, 313 — or 68.5% — beat analysts' estimates, according to S&P Dow Jones Indices.


The Bloomberg Consumer Comfort Index slipped to 41.2 in the week ended November 15, 2015, from 41.6 in the prior week.


Eurostat reported euro area annual inflation was 0.1% in October, up from -0.1% in September. Eurozone business activity and employment grew in November at the fastest rate in 54 months according to Markit Economics. The U.K.'s Office for National Statistics reported the CPI fell by 0.1% in the year to October.


The yield on the 10-year U.S. Treasury note traded in a narrow range. The Policy Board of the Bank of Japan maintained its current level of monetary stimulus.


  • Interest-rate volatility as the market considers when the Fed will raise interest rates
  • Geopolitical risk in peripheral Europe and the Middle East
  • Market volatility resulting from the economic slowdown in several emerging markets

All economic and performance information is historical and does not guarantee future results. The views and opinions expressed are those of Putnam Investments, are subject to change with market conditions, and are not meant as investment advice.