Weekly Economic Perspectives

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Last Week's Highlights

Economies: Labor demand remains strong and inflation manageable in the US. Employment surges in Canada. Growth rebounds in the UK, subject to Brexit distortions. Industrial production surprises positively in Germany but disappoints in France. Wage inflation retreats in Japan. The RBA stays the course for now, but easing pressures are mounting.

Markets: A clear risk-off week. Global stocks slide on trade war fears. Bond yields retreat on risk aversion and tepid inflation. The dollar retreats, the yen strengthens on safe-haven demand. Oil is little changed despite the trade drama; the same, however, offers some support for gold. 

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