Economic Update 07-13-2020
- A light calendar of economic data for the week included a record increase in non-manufacturing, lower producer prices, and stronger job openings.
- Global equity markets rose last week, as stronger economic data outweighed mixed results of pandemic infections around the world. Bonds fared well with credit spreads contracting in the U.S., and weaker dollar helping foreign bonds. Commodities were generally higher due to strength in industrial metals, while crude oil prices were little changed.
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LSA Connect, July 13, 2020
