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Weekly Economic Perspectives: Expansion Accelerates In US Manufacturing Slows in Services

Senior Economist

Weekly Economic Perspectives

  • The Economy
    Another good jobs report in the US as election uncertainty lingers. Employment growth slows in Canada, but still robust. The BoE raises its bond purchase target. Services activity contracts in the eurozone. Japanese wages still down y/y. The RBA lowers the cash rate and begins long duration bond purchases.
  • The Market
    Global equities rally amid US elections roller coaster. Australia’s 10y yields headed lower following RBA’s QE announcement. Brexit deal optimism lifts the pound despite lockdown worries. Gold is boosted by a weaker dollar.