Beyond the Headlines

ALM First Daily Market Commentary May 16, 2018

By ALM First Financial Advisors on May 16, 2018 at 10:12 am

Treasuries flattened slightly overnight in response to fears that Italian populists were getting close to coming to an agreement to write off €250bn of national debt. Risk assets sold off, with equities and commodities both down in European trading. The news that North Korea was considering pulling out of negotiations added to the risk-off tone.

On the data front, housing starts in the month of April fell to 1.29 million from 1.32 million in March, as new construction on apartment buildings fell 11.3%. The month over month change in industrial production came in higher than expected at 0.7% vs 0.6% and was a 0.2% increase from the prior month.

Hafizan Hamzah
Director, Investment Management Group

To view ALM First's full daily market commentary, please click here.

Posted Under: Beyond the Headlines, Blog

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