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Newsletter: In the Markets – Week-Ending July 14th, 2017

, Friday July 14, by Categories: Uncategorized

Newsletter: In the Markets – Week-Ending July 14th, 2017

Crystal Brook Advisors

We Make Financial Planning Crystal Clear

 

United States:  Reflecting a 0.1 percent monthly rise in goods prices and a 0.2 percent increase in services prices, the PPI for final demand edged higher in June, following a flat performance in May. (1)  Nearly 80 percent of the rise in PPI final demand was accounted for by the increase in services prices, which, in turn, was led by an outsized 4 percent gain in securities, brokerage, dealing, investment advice and related services. (1)

 

Europe:  DUBROVNIK, Croatia (Reuters) – Emerging Europe is facing increasing economic stresses that threaten to unwind some of the political progress made over the of past decades, a top International Monetary Fund official said on Tuesday. (2)  Poul Thomsen, the head of the IMF European Department said central and eastern Europe’s economic growth potential has halved in the past decade and the rapid outflow of skilled workers is an increasing drag. (2)

 

Asia:  BANGKOK (Thomson Reuters Foundation) – Climate change will bring soaring temperatures, more intense storms, erratic rainfall, plummeting crop yields and a collapse of coral reefs to Asia-Pacific unless countries fully implement their commitments under the Paris climate pact, scientists said on Friday, calling the challenges “unprecedented”. (2)  The region’s future growth and security – as well as the welfare of hundreds of millions of people – are at stake, said a new report by the Asian Development Bank (ADB) and the Potsdam Institute for Climate Impact Research (PIK). (2)

 

Latin America:  China is fast catching up as a global economic forum, while the public perception around the world, including India, is that the US still remains at the top, according to a new survey in 38 countries. (3)  The survey shows “in seven of the 10 European Union nations, China is considered the leading economic power (it is tied with the US for top spot in Italy).” (3)

 

Monday 7/10  

  • MUMBAI (Reuters) – A technical glitch shut down India’s National Stock Exchange (NSE) for five hours on Monday, dealing the country’s biggest stock market an embarrassing blow ahead of its plans to list and leading to a surge in volumes on a rival bourse. (2)

 

Tuesday 7/11

  • The Dow Jones Industrial Average DJIA, +0.06% edged up less than a point to close at 21,409.07 after falling more than 120 points earlier. The S&P 500 SPX, +0.20% lost 1.90 points to finish at 2,425.53. The Nasdaq Composite Index COMP, +0.30%  rose 16.91 points, or 0.3%, to end at 6,193.30. (4)

 

Wednesday 7/12

  • The Russell 2000 index of smaller-company stocks picked up 11.27 points, or 0.8 percent, to 1,424.32. (5)

 

Thursday 7/13

  • The Dow Jones industrial average gained 20.95 points, or 0.1 percent, to 21,553.09. (6)

 

Friday 7/14

  • Stocks wobbled out of the starting gate Friday, with the Nasdaq and S&P 500 grabbing opening gains, while the Dow struggled in flat trade. (7)

 

Contributor: Thomas Padula

 

Source:

 

(1) Wells Fargo Economic Group

(2) Reuters

(3) Economic Times

(4) Market Watch

(5) Fox Business

(6) ABC News

(7) Investor’s Business Daily

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