Here is what happened in the Capital Markets this week.
The Weekly Bottom Line (please click link to open)
The Weekly Bottom Line, courtesy of TD Economics, includes a review of market performances, recent key economic indicators, a calendar of upcoming key economic releases, and other relevant data. The highlights from this week’s report include:
· Progress on U.S.-China trade negotiations helped support risk appetite this week, with equity prices and yields up.
· February retail sales fell 0.2% month-on-month, but an upgrade to January made it more palatable. On the other hand, the job market bounced back in March (+196k), confirming that the weakness in February was but a speed bump.
· The pace of job gains is expected to slow to around 150k per month on average over the remainder of the 2019 – slower than last year, but still decent and more than sufficient to keep downward pressure on the unemployment rate.