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 Ended August 3, 2018
Posted Under: Weekly Market Commentary

 
Long-dated U.S. Treasury yields fell on Tuesday as the Bank of Japan affirmed their accommodative monetary policy. Japan remains one of the few countries still with an aggressive monetary policy in place post the financial crisis. On Wednesday, the Federal Open Market Committee left rates unchanged, which comes as no surprise to investors. U.S. Treasury yields pushed higher as the market reacted to the Federal Open Market Committee's statement highlighting strength in the U.S. economy as well as affirming two interest rate increases will take place this year. The Bank of England increased key interest rates on Thursday. Though expected, this was only the second key rate rise in the past decade for the Bank of England. U.S. Treasury yields pulled back on Thursday as investors reacted to continued tariff tension between the U.S. and China. The week wrapped up with U.S. Treasury yields continuing to drop as the market digested a slew of economic reports. One hundred and fifty-seven thousand jobs were created in July, which is a strong number, but below estimates. The bankruptcy of Toys R Us and governments cutting education jobs over summer break are the drivers of the smaller than expected gain in jobs. The unemployment rate fell to 3.9% in July from 4.0% in June. The ISM Nonmanufacturing index came in at 55.7 for July, an 11-month low. Hourly pay rose $0.07 in July, but wage gains remain unchanged over the past 12 months. Major economic reports (related consensus forecasts, prior data) for the upcoming week include: Wednesday: August 3 MBA Mortgage Applications (N/A, -2.6%); Thursday: August 4 Initial Jobless Claims (220k, 218k), July PPI Final Demand (0.2%, 0.3%), June Final Wholesale Inventories MoM (0.0%, 0.0%); Friday: July CPI MoM (0.2%, 0.1%), July CPI YoY (3.0%, 2.9%).

Posted on Monday, August 6, 2018 @ 8:24 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 ANALYSIS


 PREVIOUS POSTS
A Snapshot of Growth vs. Value Investing
How Some Major Global Equity Indices Have Performed Since 11/8/16
US Stock Markets Ended July 27, 2018
US Economy and Credit Markets Ended July 27, 2018
U.S. Crude Oil & Natural Gas Rig Counts
Current Stock Valuation Levels vs. March 2000 Levels
An Avalanche of Earnings
US Stock Markets Ended July 20, 2018
US Economy and Credit Markets Ended July 20, 2018
Technology Stocks Continue to Deliver Strong Returns for Investors
Archive
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 © 2022 All rights reserved.