Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube

  US Economy and Credit Markets Week Ended April 25, 2014
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Treasuries ended the week on a four-day win streak due to escalating violence in Ukraine. Throughout the week, rising tensions in Ukraine caused uncertainty in equity markets with accusations of Russian violence in Kiev on Tuesday and calls for a military crackdown on activists that worried investors. New single-family homes sales data reported much worse than expected on Wednesday and Treasuries rallied. On Thursday, geopolitical fears continued as Russia said it would begin military drills along the Ukraine boarder. These fears worsened on Friday as a Ukrainian crackdown on pro-Russian separatists moved ahead with the blockade of the eastern city Slavyansk. Both sides accused each other of escalating force and bringing upon a war, which caused equity markets to tumble and Treasury prices to rise significantly on Friday. Yields on the 30-Year Treasury are now at their lowest level in 9 months. However, these events did not cause oil prices to rise over the week as the price per barrel of crude actually dropped 3.5%. Major economic reports (and related consensus forecasts) for the upcoming week include: Monday: March Pending Home Sales (0.8% MoM, -10.2% YoY); Tuesday: April Consumer Confidence (83.0); Wednesday: April ADP Employment Change (206,000), 1st Quarter Annualized GDP (1.2%), 1st Quarter Personal Consumption (1.2%), April Chicago Purchasing Manager (56.8), April Fed QE3 Pace ($45B), April 30 FOMC Rate Decision (0.25%); Thursday: April 26 Initial Jobless Claims (320,000); March Personal Income (0.4%), March Personal Spending (0.6%); April ISM Manufacturing (54.2), March Construction Spending (0.6%); Friday: April Change in Nonfarm Payrolls (210,000).
Posted on Monday, April 28, 2014 @ 8:20 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

US Stocks Week Ended April 25, 2014
The Price Of Crude Oil Doubled Over The Past Five Years
Technology Stocks Post Highest Total Return In 20% Of Calendar Quarters Since Q1’95
An Eye on the Eurozone
US Economy and Credit Markets Week Ended April 18, 2014
US Stocks Week Ended April 18, 2014
Global Real Estate Recovery Lagging The Rebound In The U.S.
Never Let the Facts Get in the Way of a Good Story
US Economy and Credit Markets Week Ended April 11, 2014
US Stocks Week Ended April 11, 2014
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.