Daily Market Commentary

December 7, 2018

Bonds
Treasuries retreated from session highs reached on weak November jobs data as oil jumped to session highs following report that OPEC meeting has ended with an agreement on 1.2 million b/d OPEC+cut.

Economy
U.S. stock opened lower, Treasuries tried to push higher and the dollar dropped after weaker-than-expected jobs data bolstered speculation the Federal Reserve may have room to slow tightening next year. Oil jumped after OPEC ministers agreed on output cuts.

Global
Falling exports and a slowdown in spending and investment caused euro-area growth to lose more of its luster in the third quarter, with recent numbers casting doubt over the economy's potential to rebound.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy or sell.

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