Weekly Economic Perspectives: US Nonfarm Payrolls Recovering From Unprecedented Shock
Last Week's Highlights
The Economy The US employment recovery continues. Canada’s April GDP contraction smaller than expected. UK’s first quarter contraction a little worse than initially reported. Consumer spending rebounds in Germany and France. Japan’s TANKAN survey revised FY20 profit, sales forecasts sharply downward. Australian retail sales jump.
The Market Most global equity markets post solid gains on better econ data. Bond yields are little changed as virus worries temper risk-on mood. No big moves in currency markets. Oil jumps, gold touches multi-year high before retreating.
You should obtain and read a Key Investor Information Document and Prospectus relating to the SSGA Cash funds prior to investing. Further information, including the annual and semi-annual reports and the Key Investor Information Document and Prospectus describing the characteristics, charges, expenses and risks involved in your investments are available for residents of countries where SSGA cash funds are authorized for sale, at www.ssga.com/cash and from your local SSGA office or by calling +44 (0)20 3395 2333.
Investing involves risk including the risk of loss of principal. It is possible to lose money by investing in the funds.
Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. Click the link to obtain a prospectus which contains this and other information, or by calling +44 (0)20 3395 2333, please read it carefully before investing.