Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in
Despite an optimistic start to September, mixed geopolitical developments weighed on investor sentiment over the month. Trade tensions between the U.S. and China eased somewhat as September began: China exempted certain U.S. agricultural products from additional tariffs, and President Donald
IP growth edged up from the lows in July-August, but remained relatively weak. 3Q GDP growth tracks lower. Demand indicators appear to be stabilizing at a relatively weak level. Following the weak IP growth (4.4% & 4.8% YoY) in July-August,
S&P Dow Jones Indices
With the trade war escalating, the risk that the conflict will further dampen business confidence and capex is increasing. Whether this will lead to an outright recession will depend on the resilience of the consumer, who has so far been
The global economy is stuck in a persistent slowdown concentrated in the manufacturing sector amidst pervasive economic policy uncertainty. The latest ISM manufacturing producer confidence index slid into contraction territory at 49.1 in August, delivering little comfort for investors. Is
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in
We review trends across markets and economies in August 2019, consider what they mean for our multi-asset portfolios and present a positioning update. August started with a bang as President Donald Trump announced a 10% tariff on USD 300 billion
Oversold Conditions and Dovish Policy Shift Trigger Rebound in Stocks May’s sharp sell-off in stocks was swiftly countered by a rally in June that helped drive global equity markets to their best first half-year performance in over two decades. The
The dominant themes of the past few months remained in place as optimism over an interest rate cut by the Federal Reserve (realized on 31 July) and progress on the China-US trade war overcame weaker economic news in Europe and
What happened in the past month? IP growth edged up from a low level but remained sluggish; domestic demand indicators weakened further in Aug, esp. property-related ones. CICC China CMI points to softening domestic demand growth but a mild uptick
The times when investors were able to enjoy a quiet summer seem to be over. August was a volatile month for financial markets, with the VIX averaging 19, compared to 13 in July. The tone of the month was set
Back to school. Back to normal? Financial markets have been rattled in the past weeks over escalating trade war between the US and China as both imposed tariffs and counter-tariffs on imports. Idiosyncratic risks stories in countries such as Argentina
Stocks fell in August as the trade war between the US and China escalated and economic reports pointed to a continued slowdown in several parts of the world. The yield on 10-year US Treasuries went below the yield on two-year
Summary As Britain struggled to chart a course towards an EU exit deal, U.K. stocks weighed heavily on the S&P Europe 350 in August, while sovereign bond prices rose across the continent. The S&P Europe 350 declined 1.4%, with the
The Federal Reserve lowered its target policy rate for the first time in over a decade, ending one of the longest hiking cycles in the past 30 years. While the cumulative increase in the federal funds rate of 225 basis
Core government bond yields continued their lurch lower as volatility remained elevated, driven by further escalation in trade rhetoric and the unexpected re-fixing of the Chinese yuan fix to above 7. This retaliatory action led the US Treasury to formerly
What happened in the past month? High frequency data points to retreat in both IP and retail sales growth in July. Property and land markets soften. July IPP coal consumption growth declined to -16% YoY from -10% YoY in June.
Index Dashboard: Europe
After an exceptionally strong start to the year, financial markets paused for breath in July, with most asset classes delivering muted returns. The Federal Reserve (the Fed) lowered US interest rates for the first time in 11 years, and the
Monthly Commentary | June 2019 On the surface, I am surprised this most recent correction was so muted:
Multi Asset Monthly Despite the trade truce between the US and China concluded during the G20, there is still a considerable risk that the lingering uncertainty will continue to dampen business confidence and capex spending. To the extent that this
Like most periods of economic transition, the current rethinking and reshaping of global supply chains — heightened by US-China trade tensions, but begun earlier — is marked by uncertainty, lack of clarity, and even questions about whether it is actually
Index Investment Strategy
What happened in the past month? Industrial activity growth appears to have recovered moderately from the weak growth in May. Property transaction volume in large cities held up. IPP coal consumption growth recovered to -9% YoY in June from -19%
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