There are no economic releases today, no auctions and Treasuries are weaker again with the 10-year trading at 3.37%. There are important economic data releases this week, including the inflation measures of the Producer and Consumer Price Indices, Industrial Production and of course we cannot forget the Fed meeting that is scheduled for tomorrow (Tuesday).
The market is clearly focused on the positive signs of economic growth, highlighted by GE’s dividend hike on Friday. GE’s action suggests its balance sheet has mended, cash flow is strong and business prospects are improving. Also keep in mind GE is a global business with many facets including financial and manufacturing.
Other factors that will continue to affect the markets are the financial events that will continue to unfold in Europe and Chinese inflation numbers due out later this week.
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