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Weekly Economic Perspectives: US Home Buyers Are Back In The Market

Last Week's Highlights

  • The Economy
    Solid gains in US industrial production and retail sales. The BoC holds steady and re-introduces outcome-based forward guidance. UK wages decline. The ECB holds steady and urges more fiscal stimulus. The BoJ holds steady and lowers GDP forecasts. Rising cases in Melbourne threaten Australia’s labor market recovery.
  • The Market
    Good macro data push global equities higher. Bond yields are little changed. The euro moves higher. Oil and gold advance.