Mortgage Blog

Indecision Ahead of Huge News Week

July 26th, 2019 7:43 PM by Eric Fang

The financial markets are bracing for a multitude of headline risk events in the upcoming week and traders are reluctant to place bets on the next market move in advance of the news. More on this in the forecast below. 

The European Union continues to struggle economically. This past week Germany posted very weak economic numbers and manufacturing data, and as a result the European Central Bank said they are prepared to offer more stimulus to help their economies. The bad news in Europe pushed their Bond yields lower, and in turn helps push U.S. Bond yields and interest rates lower. 

Here in the States, the U.S. remains the "cleanest shirt" in the laundry when compared to other global economies. This past week we saw strong Durable Goods Orders, which highlights the strength of the U.S. consumer, the shortest unemployment line in over 50 years, and strong corporate earnings reports. 
Posted in:General
Posted by Eric Fang on July 26th, 2019 7:43 PM



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