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    Insights

    Insights   •   Market Updates

    Weekly Economic Perspectives: Philly Fed Current Activity Still Weak, But Expectations Strong

    Last Week's Highlights

    • The Economy
      Better than expected housing data in the US. Lower energy prices push Canada into deflation. Manufacturing and service activity contracts at a slower rate in the UK and the eurozone. Japan’s nascent consumer demand recovery is nipped in the bud. The RBA expands collateral for repo to include investment grade corporate bonds.
    • The Market
      A week of solid and broad-based stock market gains. Italian bond yields decline sharply on eurozone recovery fund optimism. The dollar eases a bit. Another very good week for oil.

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