Stock Markets Globally declined modestly during the week week, while global long-term bond yields retreated near record lows. On the economic front, U.S. initial jobless claims increased for the first time since March, raising worries that the economic recovery is beginning to stall. Positively, European Union leaders agreed on a landmark stimulus package to help member states mitigate the economic downturn. We believe the pace of improvement in economic data will likely slow as coronavirus cases continue to rise, but the continuing fiscal and monetary stimulus will play a crucial role in supporting the expansion until a vaccine is discovered.
United States
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