Insights
Last week, U.S. equity markets experienced a pullback, primarily driven by declines in the tech sector, leading the S&P 500 to drop 1.37%. In the bond market, decreasing election uncertainty and a resilient labor market caused yields on 2-year and 10-year Treasuries to rise to 4.212% and 4.386%,...
Insights
The U.S. job openings in September reached their lowest level in nearly three years, according to data released by the U.S. Bureau of Labor Statistics on October 29. Job openings fell by 418,000 to 7.443 million, marking the lowest level since January 2021, with the job opening rate declining by ...
Insights
The U.S. consumer confidence rebounded, achieving its largest gain since March 2021, as labor market conditions improved, according to data released by the Conference Board on October 29. The Consumer Confidence Index rose to 108.7 in October, marking an increase of 9.7 points from the previous m...
Insights
Last week, U.S. stock market sectors experienced volatility, resulting in a slight 0.03% decline in the S&P 500 Index, ending its six-week winning streak. In the bond market, better-than-expected U.S. economic data led to increases in the yields of 2-year and 10-year U.S. Treasury bonds by 15.7 ...
Insights
U.S. economic activity remained stable across most regions, according to the Beige Book released by the Federal Reserve on October 23, and it lowered market expectations for further rate cuts. A survey conducted by the 12 Federal Reserve Banks showed that economic activity was flat in most region...