Daily Market Commentary

March 26, 2019

Bonds
Treasuries fell and U.S. stock index futures climbed on Tuesday as investor fears over the outlook for growth, triggered by signals from the American bond market last week, showed signs of easing. The dollar edged higher and European shares advanced.

Economy
U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.

Global
Brazil’s mid-March inflation accelerated the most since October on the back of a surge in food costs. The IPCA-15 index rose 0.54 percent from mid-February, above the 0.51 percent median forecast from analysts surveyed by Bloomberg.

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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