March 24, 2017

For the week ending 24 March 2017

  • Potential health care loss could  hinder Trump agenda
  • United Kingdom to trigger Article 50 on March 29
  • Banks soak up last of ECB’s cheap loans
  • Eurozone showing signs of accelerating growth
  • BOJ chief says stimulus here to stay
     

Global equities slipped this week amid concerns that the Trump administration’s promised pro-growth policy agenda may become bogged down as GOP lawmakers struggle to repeal and replace the Affordable Care Act, also known as Obamacare. US 10-year Treasury note yields fell 10 basis points from a week ago to 2.41%. West Texas Intermediate crude slumped to $47.80 from $49.25 last Friday and global Brent fell to $50.60 from $52.00 as US production continued to build. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), rose to 12.4 from 11.2.

For the week ending 24 March 2017

  • Potential health care loss could  hinder Trump agenda
  • United Kingdom to trigger Article 50 on March 29
  • Banks soak up last of ECB’s cheap loans
  • Eurozone showing signs of accelerating growth
  • BOJ chief says stimulus here to stay
     

Global equities slipped this week amid concerns that the Trump administration’s promised pro-growth policy agenda may become bogged down as GOP lawmakers struggle to repeal and replace the Affordable Care Act, also known as Obamacare. US 10-year Treasury note yields fell 10 basis points from a week ago to 2.41%. West Texas Intermediate crude slumped to $47.80 from $49.25 last Friday and global Brent fell to $50.60 from $52.00 as US production continued to build. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), rose to 12.4 from 11.2.

March 17, 2017

For the week ending 17 March 2017

  • Federal funds rate target raised to 0.75%–1.00%
  • BOJ and BOE leave rates unchanged
  • China snugs monetary policy
  • UK parliament passes Brexit bill
  • Dutch populists fare worse than expected

 

Global equities rose this week after the US Federal Reserve indicated it will raise rates gradually and the populist Freedom Party fared worse than expected in Dutch elections. The US 10-year note yields fell to 2.51% from 2.58% a week ago despite this week’s hike in interest rates from the Fed. West Texas Intermediate crude prices were little changed, holding below $50 per barrel on continued high inventories. Global Brent was steady at $52. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), stayed about the same, at $11.20. 

For the week ending 17 March 2017

  • Federal funds rate target raised to 0.75%–1.00%
  • BOJ and BOE leave rates unchanged
  • China snugs monetary policy
  • UK parliament passes Brexit bill
  • Dutch populists fare worse than expected

 

Global equities rose this week after the US Federal Reserve indicated it will raise rates gradually and the populist Freedom Party fared worse than expected in Dutch elections. The US 10-year note yields fell to 2.51% from 2.58% a week ago despite this week’s hike in interest rates from the Fed. West Texas Intermediate crude prices were little changed, holding below $50 per barrel on continued high inventories. Global Brent was steady at $52. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), stayed about the same, at $11.20. 

March 10, 2017

For the week ending 10 March 2017

  • US employment report beats expectations
  • ECB raises inflation forecasts
  • China lowers growth target
  • Potential second Scottish referendum?

 

Global equities were little changed on the week, consolidating recent gains. The yield on the US 10-year Treasury note continued to advance this week in anticipation of tighter monetary policy, rising to 2.58% from 2.49% a week ago. Rising US crude oil inventories sent prices tumbling this week. West Texas Intermediate crude fell to $49.25 per barrel from $53 a week ago, while global Brent crude slumped to $52.10 from $55.50. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), was little changed at 11.7.

For the week ending 10 March 2017

  • US employment report beats expectations
  • ECB raises inflation forecasts
  • China lowers growth target
  • Potential second Scottish referendum?

 

Global equities were little changed on the week, consolidating recent gains. The yield on the US 10-year Treasury note continued to advance this week in anticipation of tighter monetary policy, rising to 2.58% from 2.49% a week ago. Rising US crude oil inventories sent prices tumbling this week. West Texas Intermediate crude fell to $49.25 per barrel from $53 a week ago, while global Brent crude slumped to $52.10 from $55.50. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), was little changed at 11.7.

March 3, 2017

For the week ending 3 March 2017

  • Hike anticipated at March FOMC meeting
  • Global growth uptick continues
  • Major indices set records
  • House of Lords seeks Brexit bill amendments

 

Global equities extended gains this week, and strong global manufacturing data suggested that economic momentum continues to improve. Yields on the 10-year US Treasury note rose strongly — to 2.49% from 2.32% — as investors moved to price in an interest rate increase from the US Federal Reserve. Despite growing economic optimism, oil prices fell this week on increased US inventories. West Texas Intermediate crude fell $1 per barrel to $53.00 this week while global Brent fell to $55.50 from $56.50. Volatility remains subdued, with the Chicago Board Options Exchange Volatility Index at 11.50. 

March 3, 2017

For the week ending 3 March 2017

  • Hike anticipated at March FOMC meeting
  • Global growth uptick continues
  • Major indices set records
  • House of Lords seeks Brexit bill amendments

 

Global equities extended gains this week, and strong global manufacturing data suggested that economic momentum continues to improve. Yields on the 10-year US Treasury note rose strongly — to 2.49% from 2.32% — as investors moved to price in an interest rate increase from the US Federal Reserve. Despite growing economic optimism, oil prices fell this week on increased US inventories. West Texas Intermediate crude fell $1 per barrel to $53.00 this week while global Brent fell to $55.50 from $56.50. Volatility remains subdued, with the Chicago Board Options Exchange Volatility Index at 11.50. 

February 24, 2017

For the week ending 24 February 2017

  • US equities set more records
  • Fed signals possible March rate hike
  • Trump supports US border tax
  • Le Pen gains in French polls
  • Greece open to reforms


US equities continued setting records this week — including 10 record daily closing highs in a row for the Dow Jones Industrial Average as of 23 February. Investors remain optimistic that US president Donald Trump will cut taxes, reduce regulation and implement a sweeping infrastructure spending program. The S&P 500 Index is up 5.3% year to date and has gained over 21% over the past 12 months. Market volatility increased slightly this week, but continued to remain relatively low. The yield on the 10-year US Treasury bond fell 2.9% this week to 2.34%, as of early Friday morning. Oil prices remained relatively unchanged this week.

February 24, 2017

For the week ending 24 February 2017

  • US equities set more records
  • Fed signals possible March rate hike
  • Trump supports US border tax
  • Le Pen gains in French polls
  • Greece open to reforms


US equities continued setting records this week — including 10 record daily closing highs in a row for the Dow Jones Industrial Average as of 23 February. Investors remain optimistic that US president Donald Trump will cut taxes, reduce regulation and implement a sweeping infrastructure spending program. The S&P 500 Index is up 5.3% year to date and has gained over 21% over the past 12 months. Market volatility increased slightly this week, but continued to remain relatively low. The yield on the 10-year US Treasury bond fell 2.9% this week to 2.34%, as of early Friday morning. Oil prices remained relatively unchanged this week.