Economic and market updates
You may also be interested in
Monthly market summary: June 30, 2015
Economic Update for July 27, 2015 | Download PDF
Highlights of news-making events of the past week, from the economy and profits to Europe and interest rates.
Existing home sales jumped 3.2% in June, the NAR stated. The Commerce Dept. found new home sales fell 6.8% in June. The Conference Board Leading Economic Index increased 0.6% in June. Manufacturing expanded in Japan and contracted in China in July, according to flash Markit Economics reports.
Initial jobless claims fell by 26,000 to 255,000 in the week ended July 23, 2015, according to the Labor Department. The four-week moving average was 278,500.
As of July 16, 2015, of the 62 S&P 500 Index companies reporting second-quarter earnings, 43 beat analysts’ estimates, according to S&P Dow Jones Indices.
The Bloomberg Consumer Comfort Index fell to 42.4 in the week ended July 23, 2015, from 43.2 in the prior week.
The flash Eurozone Composite PMI showed manufacturing and services growth slowing slightly in July. The European Commission’s flash Consumer Confidence Indicator for the euro area decreased markedly in July. Germany’s Federal Statistical Office reported the producer price index fell by 1.4% in June.
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
- Currency instability in Europe
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.