HIGHLIGHTS OF THE WEEK
• The U.S. economy appears to be sustaining the robust economic momentum kick-started in the second
quarter. Labor market fundamentals continue to improve. Job openings from the JOLTs survey surpassed
their pre-recession peak, and details of the NFIB small business optimism survey were also encouraging.
• Economic news from across the Atlantic disappointed this week. The Eurozone’s economy stalled in Q2,
as none of the bloc’s largest economies – Germany, France nor Italy – posted any growth.
• Lack of growth in Europe alongside heightened geopolitical concerns over the situation in eastern Ukraine
have led to increased demand for the safest bonds, sending German, U.K. and U.S. yields lower. See Weekly Bottom Line
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