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:
· Financial markets jitters have eased somewhat this week as concerns about emerging countries have temporarily subsided, helped in part by a lower U.S. dollar.
· Economic data was mixed. U.S. business investment remained upbeat in July, with new orders of capital goods (ex. aircraft) rising 1.4% m/m. Meanwhile, the housing market disappointed yet again in July.
· On the policy front, FOMC meeting minutes and a speech by Chairman Powell noted the recent strength in economic performance and confidence in the outlook, signaling continued gradual interest rate increases.