Economic Data and Market Highlights
Equity markets rose 4.07% as trade tensions eased, the majority of which was the result of U.S. stocks surging. While the MSCI EAFE benchmark rose 0.97%, US equities surged with the S&P 500 rising 5.3% . These gains were fueled by a 90-day pause in U.S.- China tariffs, positive inflation reports suggesting potential Federal Reserve interest rate cuts, and optimism in AI-driven investments. Despite market optimism, underlying economic concerns persist.
The University of Michigan’s consumer sentiment index fell to its lowest level since 1980, with inflation expectations climbing above 6%, the highest since 1981.Tariffs play into expectations and continue to be a concern. While tariffs have receded, they still remain similar levels seen in the 1940’s
Uncertainty continues and that has played into future Capex expectations.
The Past Week’s Notable US data points (with revisions)
The Upcoming Week’s notable US data points
Data Source: Financial News London, Financial Times, Morningstar, MarketWatch, Standard & Poor’s, and the Wall Street Journal.
Authors:
Jon Chesshire, Managing Director
Michael McNamara, Analyst