Key data releases this week include: personal income and spending (Mon), ISM manufacturing (Mon), ISM non-manufacturing (Wed), FOMC decision (Wed), durable goods orders (Thu), and nonfarm payrolls (Fri).
Haver
April 28, 2017
Economic growth slowed to 0.7% during Q1'17 following a 2.1% advance during Q4'16. It was the slowest rate of increase in three years and fell short of expectations for a 1.3% advance in the Action Economics Forecast Survey. Weakness in consumer spending, inventories and foreign trade accounted for growth's deceleration.
Reuters
April 27, 2017
Agence France-Presse/Reuters
Thursday, April 27, 2017
April 27, 2017
Financial Times
As widely expected, the European Central Bank said it would hold interest rates steady and continue its ambitious stimulus scheme. Most economists responding to a Reuters poll say they expect the policy to remain in place until June, when a slight change in approach might be possible.
Bloomberg Professional
April 25, 2017
The Shanghai Composite Index hit a three-month low recently just as US stocks ride a wave of positive sentiment after the election of President Donald Trump. The Chinese and US markets are the most out of sync than they've been in nine years.
South China Morning Post
April 30, 2017
UBS economist Wang Tao has warned that the recent flurry of financial regulations in China could cause adverse market conditions if they are too aggressively enforced. A rise in defaults and bankruptcies, diminishing liquidity, an abrupt slowdown in credit growth and market volatility are potential consequences if the regulatory regime is mismanaged.
Barron’s
May 1, 2017
Through April 24, the FAANG (Facebook, Amazon.com, Apple, Netflix, Google) accounted for nearly a third of the S&P 500’s return, 2.2% of the large-cap benchmark’s overall 6.72%.
Barron’s
May 1, 2017
Optimistic company forecasts since the start of the first-quarter earnings season have allowed analysts to raise their full-year expectations, something that hasn’t happened this early in the year since 2012.
Bloomberg
April 26, 2017
Politico
Wednesday, April 26, 2017
After President Donald Trump met with the leaders of Canada and Mexico, the White House released a statement saying Trump has "agreed not to terminate NAFTA at this time." Instead, the leaders of all three countries will prepare for renegotiation of the agreement.
InvestmentNews
May 26, 2017
Some in the retirement industry feared President Donald Trump's proposed overhaul of the US tax system would eliminate some or all tax advantages enjoyed by 401(k)s, individual retirement accounts and similar retirement-savings accounts, but that hasn't happened. Gary Cohn, director of the National Economic Council, said tax provisions relating to retirement accounts "will be protected."
Bloomberg
April 25, 2017
Home prices in the 20-city S&P Corelogic Case-Shiller property values index climbed 5.9 percent from February 2016, the fastest since July 2014, after increasing 5.7 percent in the year through January. National home prices rose 5.8 percent in the 12 months through February.

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