Daily Market Commentary

September 15, 2020

The Federal Reserve's new approach to setting interest rates will probably be hard to divine from the economic projections it's set to publish on Wednesday.

U.S. equity futures advanced with European stocks after data from China and Germany showed the economic recovery is gaining traction. The dollar weakened for a third day, while crude oil rose.

The amount of defaulted debt in Europe has soared as the coronavirus hammers industries such as travel and retail, with August recording the highest monthly tally in at least five years. About $8.7 billion of rated credit was restructured in a distressed exchange or defaulted last month.

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 when to buy or sell.

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