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

    Simona M Mocuta
    Senior Economist
    Kaushik Baidya
    Intermediate Quant Analyst

    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.
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