Economic and market updates

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Monthly market summary: August 31, 2015

Economic Update for October 5, 2015   |   Download PDF

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


The BEA noted consumer spending rose 0.4% in August. The NAR found pending home sales fell in August. Manufacturing grew in September, the ISM stated. Construction spending rose 0.7% in August, the Commerce Dept. noted. Home prices increased in July, S&P/Case-Shiller stated. In final PMI reports, Markit Economics found both manufacturing and services contracted in China in September.


The U.S. added 142,000 jobs and the unemployment rate was unchanged at 5.1% in September, the BLS reported. Initial jobless claims rose by 10,000 to 277,000 in the week ended September 26, 2015, according to the Labor Dept. The four-week moving average was 270,750. The ADP National Employment Report noted the U.S. added 200,000 private-sector jobs in September.


As of September 30, 2015, 17 S&P 500 Index companies had released third-quarter earnings and 14 beat analysts' estimates, according to S&P Dow Jones Indices.


The Conference Board Consumer Confidence Index improved moderately in September. The Bloomberg Consumer Comfort Index rose to 43.0 in the week ended September 27, 2015, from 41.9 in the prior week.


Eurostat reported euro area annual inflation was expected to be -0.1% in September, down from 0.1% in August. The Markit Eurozone Manufacturing PMI dipped to 52.0 in September from 52.3 in August. The European Commission reported both the Economic Sentiment Indicator and Business Climate Indicator for the euro improved in September.


The yield on the 10-year U.S. Treasury note declined.


  • 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 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.