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Weekly Economic Perspectives: Soaring Sales Push US Housing Inventory To Record Lows

Chief Economist

Weekly Economic Perspectives

  • The Economy
    US housing data continues to impress. The BoC upgrades 2021 outlook, hints at tapering. UK service activity slows sharply. The ECB keeps steady. The BoJ upgrades 2021 growth projections. Another solid jobs report in Australia.
  • The Market
    Mixed week for equities, with Europe failing to take the cue from US rally. Italian bond yields widened further on political uncertainty. Dollar weakness resumes. Oil is little changed, gold gets a bid.