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Weekly Economic Perspectives - US GDP: Not A Slowdown, But A Shutdown
Last Week's Highlights
The Economy Historic US GDP decline is not a surprise. Canadian GDP starts to recover. UK housing activity is reviving. Historic eurozone GDP decline is also not surprising. Japan’s labor market surprises positively. Australian inflation declines less than expected.
The Market Most equity markets retreat but the US ekes out a gain. Bond yields narrow on sobering macro data. The dollar plunges. Oil is little changed, gold jumps.
You should obtain and read a Key Investor Information Document and Prospectus relating to the SSGA Cash funds prior to investing. Further information, including the annual and semi-annual reports and the Key Investor Information Document and Prospectus describing the characteristics, charges, expenses and risks involved in your investments are available for residents of countries where SSGA cash funds are authorized for sale, at www.ssga.com/cash and from your local SSGA office or by calling +44 (0)20 3395 2333.
Investing involves risk including the risk of loss of principal. It is possible to lose money by investing in the funds.
Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. Click the link to obtain a prospectus which contains this and other information, or by calling +44 (0)20 3395 2333, please read it carefully before investing.