European Trade: European shares moved lower in trade on Friday trade, following the Asian equity market that closed in the red. S&P futures moved side-ways throughout the overnight trading hours, but dropped eight points as the news that the ECB will withdraw their cash liquidity from the market over the…
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The Weekly Bottom Line
The fourth quarter has gotten off to a slow start for the economy. Industrial production for October fell by 0.1% from September while housing starts fell by 10.6% over the same period. Given the strong growth in the industrial sector in the third quarter, the level of production in October…
Weekly Economic and Financial Commentary
The leading economic index increased 0.3 percent in October and has risen for the past seven months. This implies modest growth will continue into next year. Yet, two elements of the gain don’t quite look like the usual recovery. One, the pace of the improvement fell sharply from the one…
Monthly Economic Outlook – September 2009
Forecasts for economic growth during the second half of this year and 2010 have been steadily ratcheted up as most of the monthly economic indicators have come in better than expected. We have raised our own estimate modestly. We now see real GDP rising at a 3.7 percent annual rate,…
Weekly Market Commentary
Stock indices should drift through to year-end, but not collapse. FX will continue to consolidate, as should most commodities, with a tendency for the Yen to strengthen slightly and for the US dollar to weaken medium term. Longer-dated Treasury yields will move lower as investors realise that ultra-low official target…