Weekly Economic Perspectives: US Employment Gains Moderate
Weekly Economic Perspectives
The Economy Employment gains slow in the US. Robust GDP growth in Canada. Mortgage applications jump in the UK. Retail sales jump in Germany. BoJ’s Tankan survey came in weaker than expected. AU retail sales retreat.
The Market Most equity markets rallied on good data and US stimulus hopes. Gilts were cheaper on hopes of positive Brexit talk. The pound gained as BoE cooled talk of negative rates. Oil plunged over concerns of OPEC+ overshooting quota.
Singapore: State Street Global Advisors Singapore Limited, 168, Robinson Road, #33-01 Capital Tower, Singapore 068912 (Company Reg. No: 200002719D, regulated by the Monetary Authority of Singapore). T: +65 6826-7555. F: +65 6826-7501.
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security/ investment product. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street Global Advisors Singapore Limited shall have no liability for decisions based on such information.
Any views expressed herein are those of the author(s), are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. There are no guarantees regarding the achievement of investment objectives, target returns, portfolio construction, allocations or measurements such as alpha, tracking error, stock weightings and other information ratios. The views and strategies described may not be suitable for all investors.
All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone.
Past performance is not necessarily indicative of the future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when investments are sold. Current performance may be higher or lower than that quoted.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.