International Markets Update

International Markets Update

1. Equities rebounded strongly in July from their Brexit sell-off, with Japan’s Topix up 7.1%, followed by the NASDAQ Composite at 6.6%.  2. The US economy expanded at a significantly weaker pace than expected during the second quarter.  3. The Eurozone economy cooled in ...

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International Markets Update

International Markets Update

Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two. Ratings agency Standard and Poor's (S&P) cut its credit grade for the Euro...

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International Markets Update

International Markets Update

Equities and most bond markets gained in May as investors continued to speculate about the timing of the next US interest rate rise.  Oil prices gained with Brent rising to $50 per barrel during the month.  The US economy added 38,000 jobs in May, down from A...

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International Markets Update

International Markets Update

Federal Reserve Chair Janet Yellen noted that global economic and financial uncertainty poses risks to the US economy and justifies a slower path of interest-rate increases, suggesting little appetite to raise rates when officials meet in April. Underlying US inflation incr...

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International Markets Update

International Markets Update

The Federal Reserve raised short-term interest rates for the first time in nearly a decade, calling an end to the near-zero borrowing costs. US jobs growth remained solid in November as the economy added 211,000 jobs, slightly above expectations. The ECB cut its o...

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International Markets Update

International Markets Update

Equity markets were mixed in November with slight gains in the US and small declines outside the US. The US economy grew at a healthier pace in the third quarter than initially thought, but strong inventory accumulation by businesses could temper expectations of an ac...

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