Daily Insights
US: S&P 500 Index +1.2%, Dow +0.9%, Nasdaq +1.4%
Europe: STOXX Europe 600 +1.1%, German DAX +1.4% France CAC 40 +1.9%, U.K. FTSE 100 +0.36%
Asia: Japan Nikkei +3.5%, China Shanghai Composite -0.8%, Korea KOSPI +1.6%
Rates/Commodities: 10-Year Treasury yield +5 basis points to 2.99%, WTI crude oil +1.3%, COMEX gold +0.4%
It was a mostly upbeat week for global markets as investors moved back into the market, pushing regional equity indexes up and bond prices down. Monetary policy meetings were held by the central banks of Europe, England, Russia, and Turkey. Continue reading
Daily Insights
On behalf of the LPL Research team, our thoughts go out to the millions of people who will be impacted by Hurricane Florence. Continue reading
Recent economic reports have been scrutinized for clues on inflation, especially after the August jobs report pointed to the fastest wage growth of the economic cycle. Continue reading
Daily Insights
The Institute for Supply Management’s (ISM) primary manufacturing gauge just posted its strongest reading in 14 years. Is that a clear signal the economic cycle still has fuel left in its tank, or could it mean the good times are coming to an end? Continue reading
Daily Insights
Ever since the great recession and subsequent recovery, investors have been wondering when inflation will finally show up. One key factor contributing to still low inflation (although not the only factor) is that wage growth has been slow to materialize, even as the unemployment rate has continued to trend lower—confounding the experts. Investors may see things start to turn around now, however, with the August nonfarm payrolls report showing that average hourly earnings grew at an annualized 2.9% during the month, handily topping the 2.7% consensus estimate of economists and marking the highest growth rate since April 2009. But, does burgeoning wage growth mean that bond yields are going to move higher? Continue reading
Daily Insights