- In a light week for economic data, retail sales disappointed somewhat while consumer sentiment and jobs/claims data remained strong. Producer prices fell, especially on a year-to-year basis, which continues to reflect non-inflationary pressures throughout the system.
- Equity markets fell back sharply on the week due to a number of economic and earnings-related factors
Increasing concern about China’s economy, accompanied by a surprise albeit modest devaluation of the yuan currency, helped trigger a sharp drop in global equity markets in late August, with the S&P 500 falling 12% from its high reached just a month earlier. This marked the first 10%-plus correction for the U.S.
- Economic data came in a bit better than expected on average, with the ISM non-manufacturing index and the October employment report surpassing expectations. Conditions were less appealing on the manufacturing side, as ISM manufacturing, factory orders and related data continued to show some softness.
- Domestic equity markets rose on expectations of a solid jobs report
- Economic data for the week was again mixed, with advance GDP for the third quarter coming in at a tempered level, but not too far off of expectations, while housing numbers and consumer sentiment surveys disappointed. However, the Chicago PMI manufacturing report moved back up into positive territory.
- Equity markets gained a bit on the week in the U.S., but struggled
- Economic data on the week was focused on several housing reports, which came in better than expected; however, the much broader index of leading economic indicators fell backward a bit.
- Global equity markets responded positively to news of possible (European Central Bank) and actual (China) additional quantitative easing measures designed to spur sluggish economic growth.
- Economic data for the week was generally lackluster, seen in retail sales and several manufacturing surveys. Inflation came in quite tempered, on par with recent months and expectations.
- Equity markets gained on interpretations of weak data meaning the Fed may keep raising interest rates at bay; bonds performed well with rates falling. Crude oil declined o