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    Insights   •   Market Updates

    Weekly Economic Perspectives - Unprecedented Drop And Divergence In US Retail Sales

    Last Week's Highlights

    • The Economy
       Industrial production and retail sales drop sharply in the US. Bank of Canada starts buying provincial and IG corporate bonds. Small contraction in eurozone industrial output is just calm before the storm. Japan's industrial production revised downward. Australian labor market yet to reflect the full lockdown impact. 

    •  The Market 
      A mixed week for equities, with big gains in US on reopening hopes. Bond yields narrow most everywhere, except in Italy. The euro languishes, the yen strengthens. Oil falls despite production cut agreement.

     

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