Featured Market Snapshot
The UK went to Europe with a newly humble brief; US home buyers emerged in force to confront insufficient demand; The Fed's hawks are still on the wing
The Fed hiked its target rate, but its inflation bogey remains elusive; crude oil fell further on bulging inventories; Greece got a lifeline; formal Brexit negotiations finally begin.
Qatar's sudden exile was years in the making; Theresa May erodes her own base; US consumers leverage up; Spain's banks pass a test.
The June 8 general election could strengthen – or weaken – Theresa May's hand in managing Brexit; U.S. employment was mixed to solid last month; France's Macron has a firm grip on the country's agenda; Venezuela gets a discounted rescue
Bribery allegations engulfed Brazil President Temer, mirroring the scandal that toppled his predecessor; European exports surged, while Japan extended its GDP winning streak to a fifth quarter; U.S. manufacturing popped higher.
With plentiful oil stocks still holding down prices, OPEC, Russia and a coalition of smaller producers agreed to extend production limits for another 9 months; world trade volume jumped higher; markets shrugged at Moody’s China’s debt downgrade.
Mexico is playing the China card as the US seeks better terms; OPEC cries "uncle" to U.S. shale; more politics ahead for France; growth resumes for the U.S.
Looking past the quarter:
The Fed looked past a tepid Q1; April's jobs report was solid, not spectacular; Macron and Le Pen crossed swords before Sunday's election; oil and iron took a beating
The first look at Q1 growth disappointed, but U.S. earnings reports are coming in stronger than expected; French elections are heating up; financial markets may be getting desensitized to politics
Taking it to the voters
France and the UK take their case to their voters; US growth neither thrills nor disappoints; China brings more refining capacity – and exports – to the rest of the world
The White House reverses course on the dollar, the yuan and the Fed; Germany's economy gets in the groove; yet another twist for France's election; Saudi Arabia's latest bond offer.
Soft job creation in March may actually reflect economic strength rather than weakness; the Fed confronts how to shrink its swollen balance sheet; Greece's bailout lumbers on.
Theresa May's government gave notice under Article 50, as Scotland and others ponder the consequences; a tailwind for U.S. earnings; U.S. inflation follows the Fed's script
Conflicting objectives – market share vs. price stability – keep the pressure on crude oil prices; confidence in U.S. growth is the main issue; European growth increases
Yellen's FOMC delivers the goods; global oil proves difficult to tame; close call in the Netherlands
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