Weekly Market Update – April 15, 2019

 

Last Week

  • U. K. Granted a Six – Month Extension to Brexit -At a European Union summit last week, U.K. Prime Minister Theresa May and EU leaders reached an agreement to delay the Brexit deadline through the end of October.
  • ECB Leaves Policy Unchanged, Fed Minutes Released – In its meeting last Wednesday, the European Central Bank left policy unchanged and confirmed that it will likely be on hold for the remainder of 2019.
  • U.S. Inflation Data Largely I”n – Line With Expectations –U.S. Consumer Price Index data was generally consistent with economist expectations with the headline figure slightly ahead of consensus and the core figure slightly below consensus.

This Week

  • Bank of America, Johnson & Johnson, Union Pacific to Report Earnings –This week marks the first full week of first quarter earnings season, with about 50 S&P 500 Index companies expected to report.
  • Modest Rebound Expected in Europe Manufacturing Data –This Thursday, flash Purchasing Managers’ Index data will be released across the U.S., Europe and Germany.
  • Global Inflation Expected to Remain Contained -Inflation data will be released this week in a number of regions outside the U.S. including the U.K. (Wednesday), Europe (Wednesday) and Japan (Thursday).

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