Insights   •   Market Updates

Weekly Economic Perspectives: Unexpected Surge In US Consumer Credit

Chief Economist

  • The Economy
    Pace of services sector expansion slows in the US. Re-opening drives job gains in Canada. Strong service activity in the UK. Industrial production disappoints across Europe. Overtime wages accelerate sharply in Japan. RBA commences tapering.
  • The Market
    Divergent equity market performance: Japan down, US at record highs. Big swings leave treasury yields lower again. Commodity currencies weaken. Volatile  week ends with oil little changed and gold a little higher.