Minimal economic data is scheduled for today and the remainder of the week will be light as well, particularly in comparison to last week. The main events on which the markets will focus are the release of the Fed’s Beige Book on Wednesday and Retail Sales on Thursday. We will also have numerous Fed speakers and increasing speculation the Fed my introduce QE3.
Of course no week would be complete without something of note from Europe, and this week it is today’s meeting between German Chancellor Merkel and French President Sarkozy. They are meeting to discuss the proposed treaty changes to tighten the fiscal union in the EU. Given the results of past meetings expectations for anything significant from this discussion are low.
Earnings season kicks off in the U.S. this afternoon with the report from Alco. Currently stocks are trading slightly lower and bond prices are trending higher. Mortgage prices have improved by .25%.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment