Financial Markets & EconomyWeekly Capital Market Updates

EWM Weekly Capital Market Highlights for Week Ending 11/8/2019

By November 11, 2019 No Comments
  • Global equities traded higher this week, with developed markets posting modestly positive returns and international equities slightly edging out domestic stocks. Emerging markets led the way, up more than 2% on the week. Value outperformed growth across all regions.
  • The yield on the 10-Year U.S. Treasury Note pushed higher over the course of the week, beginning at 1.71% on Monday and finishing the week over 1.90% for the first time since late July.
  • The US dollar traded higher all week against a basket of currencies, riding the momentum of higher Treasury yields,  after depreciating for most of October.
  • Gold suffered its biggest weekly percentage decline in two-and-a-half years, giving up more 3% as deescalating trade tensions between the US and China have helped reinvigorate investors’ appetite for risk.
  • In other economic news, the Labor Department’s JOLTS report (which tracks monthly changes in job openings) fell 3.8% in September to 7.024 million. This is the lowest total since March of last year, and may indicate the trade war with China is beginning to takes its toll on the economy.

Click here to download the complete weekly report: EWMWeeklyReview 11.11.19

Disclosure: Past performance is not necessarily indicative of future results.