Endowment Wealth Management Weekly Capital Markets Update for Week Ended 8/11/2017

WEEKLY CAPITAL MARKET HIGHLIGHTS:

  • US equity markets seesawed this week, affected by the sparking tensions between US and North Korea. European equities faced their worst week since Trump’s election. Emerging markets were the most affected with South Korean equities weighing in the index.
  • The yield on the 10-Year Treasury Note edged lower at around 2.19% in a risk-off market.
  • The dollar weakened slightly as did the euro which changed course from the sustained strength registered last week.
  • Commodities inched higher, with oil prices being a drag while gold prices held on to a near two-month high.
  • Among economic data released, monthly job openings hit a record high in June at 6.2 million. The job openings rate rebounded to 4.0 in June, matching the highs in mid-2015 and 2016, while the quits rate is still slightly below its previous peak. US weekly jobless claims total of 244,000 were slightly higher than the 240,000 estimate. Non-farm productivity, which measures hourly output per worker, was better than expected at 0.9% annualized rate in the April-June period.

Click here to download the complete weekly report: Endowment Wealth Management Weekly Review August 11, 2017

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