Daily Archives: Aug 3, 2018 at 09:44 am EDT

US Private Sector Job Growth’s Annual Pace Held Steady In July

Companies in the US added a moderate 170,000 employees to their ranks in July (seasonally adjusted), according to this morning’s update from the US Labor Department. The gain was well below June’s upwardly revised 234,000 increase but the latest rise represents a middling increase vs. recent history. Looking through the monthly noise paints a brighter picture by suggesting that the labor market’s expansion is ongoing and steady.
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Research Review | 3 August 2018 | Sustainable (ESG) Investing

Does ESG Matter for Asset Allocation?
Joachim Klement (Fidante Partners)
July 12, 2018
The integration of ESG [environmental, social and governance] factors into the investment process is increasingly becoming mainstream for institutional investors. However, investors struggle with how to incorporate ESG criteria into their top-down asset allocation decisions.
In this report we show how ESG criteria can be systematically and consistently integrated into the asset allocation process. Our approach can be used for almost any multi-asset portfolio without materially reducing return expectations or increasing portfolio risk.
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Macro Briefing: 3 August 2018

U.S. Sec. of State: N. Korea’s efforts to denuclearize fall short of pledge: Reuters
Analysts are upbeat about today’s employment report for July: MarketWatch
Eurozone Composite PMI: economic growth slowed at start of Q3: IHS Markit
Apple’s market value crosses $1 trillion mark: USA Today
The rise of giant companies dominates US economy: NY Times
Bank of England lifted interest rates to 0.75%, highest since 2009: BBC
Jobless claims in US up slightly but still near record low: Reuters
US job cuts fell to the lowest level of the year in July: CG&S
Factory orders in US up for second month in June: CNBC
These exporting areas of world economy at highest risk for climate change: Axios