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:
· Concerns about emerging markets continued to weigh on investor sentiment this week, with the selloff in EM assets and currencies spreading beyond Turkey and Argentina.
· Meanwhile, domestic data remained positive. ISM indices for both manufacturing and services sectors rose handsomely in August. The payroll report delivered another batch of good news with 201k new jobs created on the month and wage growth accelerating.
· All told, the U.S. economy continues to boom, giving the Fed little reason to alter its interest rate normalization plans that include another increase on September 26th.