Clarksville Weekly Market Snapshot from Frazier Allen for the week of October 28th, 2015
October 28, 2015
Clarksville, TN – The economic calendar was light. Residential construction figures were mixed, largely reflecting the usual noise in the multi-family sector data (single-family starts and permits were little changed and still up strongly from a year ago). Existing home sales rebounded from a surprise drop in August. The four-week average for jobless claims fell to the lowest level since 1973.
Earnings reports were mixed, but investors appeared to be encouraged by the view that economic growth will continue, but not so fast that the Federal Reserve rushes to take away the punch bowl.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 26th, 2015
January 26, 2015
Clarksville, TN – As expected, the European Central Bank (ECB) signaled that it would begin a quantitative easing program, purchasing €60 billion per month in public and private securities through September 2016.
The amount of monthly purchases was a bit higher than anticipated, but that included the ECB’s already-existing program to purchase asset-backed securities and covered bonds. The ECB’s announcement sent the euro sharply lower.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 7th, 2014
December 7, 2014
Clarksville, TN – In recent weeks, the U.S. stock market has reacted negatively to bad economic news out of Japan, China, and the euro area and positively to efforts by the corresponding central banks to spur growth. The European Central Bank did not make that extra effort on Thursday.
After strong hints that quantitative easing is on the way, the ECB’s Governing Council disappointed by failing to launch QE. ECB President Draghi indicated that further extraordinary measures could be employed “if needed.” The ECB staff and euro systems have stepped up technical preparations for QE, but Draghi seemed to suggest that there is no haste toward QE.
Frazier Allen
