S & P 500 goes on a renewed tear this week, while other global equity indices show more of a mixed a bag. The FTSE 100 in particular has seen 2 weeks of continued declines.
In the US, initial jobless claims stay just above 1 million claims for the week, and news of layoffs were a common theme. CPI has recovered to pre-pandemic levels.
We see a rise in benchmark Treasuries, breaking the recent mid-August highs.
Dollar tries to shake off the recent devaluation trend.
US real estate loan levels dip, erasing the past month’s gains.
In commodities, we see a big week for agricultural products. Oil prices continue to remain relatively flat on low demand.