Weekly Economic Perspectives

Last Week's Highlights

Economies: Core inflation quickens in the US. Bank of Canada remains on hold. Industrial production rebounds in the UK and the eurozone. Wage inflation continues to falter in Japan. Business confidence remains weak in Australia

Markets: US equity markets continue to advance, but most non-US markets pare recent gains. Bond yields widen slightly as decent incoming data reigns in aggressive easing expectations. The dollar eases slightly, the pound gains some ground late in the week. Oil jumps on geopolitical risks, higher Chinese imports.