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Weekly economic review & outlook
Trade/Brexit news pushes markets to new highs

NOV. 11, 2019

You Need to Know

Week in review

Equity markets move higher to all-time highs

Trade and Brexit optimism has helped to lift equity markets in recent weeks with the S&P 500 index rising to record levels last week.

Services still expanding solidly

The ISM nonmanufacturing index climbed in October, signaling still solid expansion and only a muted impact from the trade war on the service sector.

Week Ahead


CPI likely to rebound

CPI growth is likely to rebound to 0.3 percent for October after no change in September. Core CPI inflation is projected to edge higher to a gain of 0.2 percent.

Retail sales down again

Retail sales are expected to drop by 0.2 percent, as the month’s motor vehicle sales number was lower than expected. Retail sales ex-autos should increase by a solid 0.6 percent.

Optimism regarding the potential phase 1 trade agreement between the U.S. and China, along with scheduled Parliamentary elections in the U.K., have helped to lift markets in recent weeks. The S&P 500 index climbed to fresh highs last week after breaking through the July peak in late October. The index has now increased by around 3.5 percent since the initial announcement of the trade deal on October 11.