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Global Equity Weekly: Fed and the Bull: Don't Stop It Now
A look at worldwide stock markets and what drove activity this week.
Equity markets were mixed this week, with the Federal Reserve all but locking in a July rate cut, while the Bank of Canada stood firmly on the sidelines. The S&P 500 rose 0.8%, punching above the 3,000 level for the first time. Last week, we described what looked like a clear technical breakout above the range that was set in early-2018—that was reinforced this week. Meantime, the TSX dipped 0.3%, and has retaken its usual position in the back seat to the U.S. indices.
Robert has been with the Bank of Montreal since 2006. He plays a key role in analyzing Canadian regional economic, fiscal and real estate trends. Robert regularly...
VIEW FULL PROFILEA look at worldwide stock markets and what drove activity this week.
Equity markets were mixed this week, with the Federal Reserve all but locking in a July rate cut, while the Bank of Canada stood firmly on the sidelines. The S&P 500 rose 0.8%, punching above the 3,000 level for the first time. Last week, we described what looked like a clear technical breakout above the range that was set in early-2018—that was reinforced this week. Meantime, the TSX dipped 0.3%, and has retaken its usual position in the back seat to the U.S. indices.
Robert has been with the Bank of Montreal since 2006. He plays a key role in analyzing Canadian regional economic, fiscal and real estate trends. Robert regularly...
VIEW FULL PROFILE