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Weekly Economic Financial Report 1-5 June
Credit market spreads have narrowed significantly from their highs in the early part of the year. Positive economic reports by way of the ISM Manufacturing Survey, stability of home sales, glimmers of improvement in the May employment data, a decline in continuing jobless claims, and the downward trend of initial jobless claims are factors that are encouraging. The coast is not clear and more is necessary to declare the recession has ended. Recession pressures may well be subsiding next to the sharp contraction earlier this year, however, deflation risks are not only lingering but in fact are intensifying.
Look on the chart how different global financial markets performed during the past week.
Weekly Economic Financial Commentary June
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Posted by admin
on Jun 7th, 2009 and filed under Analysis.
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