Weekly Economic Perspectives

Last Week's Highlights

Economies: Core inflation revisits cycle high in the US. Housing indicators look decent in Canada. The UK labor market remains resilient. The ECB pushes through new stimulus. Private consumption and public demand buoyed Japan’s GDP. Business confidence erodes in Australia.

Markets: Global equity markets advance. Bonds sell off amid receding recession fears. The dollar eased slightly, the pound gained some ground. Commodities retreat, with both oil and gold ending the week lower.