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Weekly Economic Perspectives: US Employment Gains Moderate

Weekly Economic Perspectives

  • The Economy
    Employment gains slow in the US. Robust GDP growth in Canada. Mortgage applications jump in the UK. Retail sales jump in Germany. BoJ’s Tankan survey came in weaker than expected. AU retail sales retreat.
  • The Market
    Most equity markets rallied on good data and US stimulus hopes. Gilts were cheaper on hopes of positive Brexit talk. The pound gained as BoE cooled talk of negative rates. Oil plunged over concerns of OPEC+ overshooting quota.