Weekly Bottom Line

The U.S. economy added 272k jobs in May, while the unemployment rate ticked up to 4.0%. The ISM Purchasing Managers’ Indexes showed manufacturing activity continued to contract in May, while services activity returned to growth. Central banks in Canada and Europe started to cut interest rates this week, which has heightened the focus of markets […]

India At The Crossroads

Indian Prime Minister Narendra Modi’s recent victory in the national elections was muted at best. While he secured a rare third term in the nation’s highest office, his decisive legislative supermajority failed to materialize. Modi has made revitalizing the Indian economy and increasing foreign direct investment (FDI) a cornerstone of his pro-business platform. With markets […]