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Weekly Financial Market Update May 11, 2018
May 14, 2018
U.S. markets had a strong week last week as the S&P 500 rose 2.4% and the Dow Jones gained 2.3%, boosted by strong earnings reports.The U.S. 10-year Treasury yield crossed 3% in the middle of last week, but ended slightly lower due to a weaker-than-expected inflation report.
The University of Michigan’s Consumer Sentiment Index remains strong in May as survey respondents increased their inflation expectations to 2.8% from 2.7%, reducing their anticipated income, and predicting unemployment rate stabilization instead of a further decline.
Please click the link below to learn more about trends in consumer spending according to the NFIB and the Bank of England raising their interest rates before the U.K. leaves the European Union.