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Weekly Economic Perspectives: US Small Businesses Views Of Business Conditions Dim

Chief Economist

Weekly Economic Perspectives

  • The Economy
    US retail sales disappoint. Existing home sales hit record in Canada. The UK trade deficit surges on inventory build-up. Italian retail sales and industrial production disappoint. Japan’s foreign machinery orders remain robust. Solid retail sales in Australia.
  • The Market
    Global equities retreated, with Japan the lone exception. Bond yields widened in Italy over political uncertainty. The dollar strengthened on fiscal stimulus expectations. Oil tumbled despite Saudi production cuts.