Weekly Market Update – March 18, 2019

Last Week

  • U.K Parliament Votes to Delay March 29 Deadline  –After rejecting Prime Minister Theresa May’s Brexit deal on Tuesday, and voting against leaving the European Union without a deal, parliament finally voted to delay the March 29 Brexit deadline.
  • U.S Inflation Continues Descent –After reports that President Donald Trump and President XI Jinping would not meet to discuss trade until April, chief trade representative Robert Lighthizer said that major hurdles remain before a trade deal is reached.
  • U.S. – China Trade Meeting Pushed into April -After reports that President Donald Trump and President XI Jinping would not meet to discuss trade until April, chief trade representative Robert Lighthizer said that major hurdles remain before a trade deal is reached.
  • Global Authorities Ban Boeing’s 737 Max -After the second crash in five months, global authorities have banned flights of the 737 Max.

 

This Week

  • Investors Look to Fed for Rate Path and Balance Sheet Answer’s –After the Federal Reserve pivoted from gradual interest rate increases in 2018 to a pause in January’s meeting, investors will look to see how the Fed has digested the most recent economic data in Wednesday’s meeting.
  • Manufacturing Data Highlights Healthy Service Sector -Flash Purchasing Managers’ Index readings will report on Friday. The most recent data in the manufacturing sector has dropped under 50, which is the dividing line between an expansionary and contracting environment.

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