Despite the continued market recovery, Canadian investors remain wary and continue to take a conservative approach to investment and savings as evidenced by a one-point dip (to +21) in the latest Manulife Financial Investor Sentiment Index.
Activity at service providers in the U.S. continued to rise at a solid pace in December. This was signalled by the final Markit U.S. Services PMI Business Activity Index posting 55.7, down slightly from November's 55.9 and below the earlier flash reading of 56.0.
Down marginally from 51.8 to 51.7 in December, the seasonally adjusted HSBC Brazil Composite Output Index indicated a fourth consecutive monthly improvement of business conditions across the country's private sector.
The global economy continued to register solid output growth during December. At 54.0, little-changed from November's 54.2, the JPMorgan Global All-Industry Output Index remained at a level broadly in line with its long-run average.