Market Overview

The English idiom don't judge a book by its cover is a metaphorical phrase which means you shouldn't prejudge the worth or value of something, by its outward appearance alone.Let’s face it,...

Note: This commentary has been updated to include this morning's release of Nonfarm Employment for May.Official recession calls are the responsibility of the NBER Business Cycle Dating Committee,...

Note: This update incorporates the latest monthly close and the GDP Q1 Second Estimate data.Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to...

Today's release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 143.7, down 0.4 from the previous week. Year-over-year the four-week moving average of the indicator is...

The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include...

(from my colleague Dr. Win Thin) The Indonesian cabinet is discussing revisions to the 2017 state budget. The Thai central bank plans to reform some FX rules. South African President Zuma survived the...

FTSE +41 points at 7584DAX +66 points at 12,760 CAC +43 points at 5352 As global leaders decried Donald Trump’s decision to withdraw the US from the Paris Climate Accord, investors were quietly...

The May reading of the global State Street Investor Confidence Index rose +5.1 pts to 102.5 which indicates institutional investors are feeling more confident (readings above 100 indicate increasing...

A number of key risk events next week could cause some volatility in financial markets with the UK general election taking centre stage. The European Central Bank will also be in focus as it meets to...

Employment at US companies increased 147,000 in May (in seasonally adjusted terms), according to this morning’s update from the Labor Department. The rise is below expectations, based on...

Market movers ahead In the euro area, the June ECB meeting is on Thursday. Focus will be on potential changes to the forward guidance in a less dovish direction. However, we do not expect the ECB to...

As we noted earlier this week, a Fed rate hike in less than two weeks' time was basically a "done deal" heading into today's Nonfarm Payrolls report. When the jobs figures were released, at least a...

The US unemployment rate unexpectedly fell to 4.3%, a new multi-year low, but it is a misleading optic for what is a disappointing report. It is likely not weak enough to put much doubt into...

The French stock market has posted slight gains in the Friday session, and the CAC index has risen 0.86 percent. Currently, the CAC is trading at 5,364.50, close to the high for the month of May. On...