In a year that has already featured a seemingly disproportionate degree of disquieting developments, this Valentine’s Day provides a timely opportunity to pause and reflect upon those we care about. In the financial world, love is in the air as well, with market participants entangled in a torrid and potentially complicated love triangle with two very different assets.
Looking ahead to next week, the calendar features global manufacturing data.
- Global Factory Data
- Fed Minutes
- US Housing Data
- China Central Bank
- EU Economic Data
Trump supporters might be tempted to link this week’s US stock rally with the President’s good week, but global equities all rallied in tandem, suggesting broad hopes of virus containment as the real upside catalyst. EU stocks even outpaced the S&P 500 over the past five sessions, which seems unlikely to be attributable to rising Republican optimism over their chances in November.
Looking ahead to next week, the calendar features US and global data and Fed testimony.
How are market participants grappling with the coronavirus risk?
Looking ahead to next week, January’s US nonfarm payrolls data is due, alongside US gauges of manufacturing and service activity, and the final major set of 4Q19 corporate earnings.
- Corporate Earnings
- US Economic Data
- Reserve Bank of Australia
- China Economic Data
Will trade/tariff fights reemerge as a major risk in 2020?
Looking ahead to next week, more 4Q earnings are due alongside US and Chinese economic data and meetings for the Federal Reserve and the Bank of England.
• Corporate Earnings
• US Economic Data
• US Housing Data
• Federal Reserve
• Bank of England
• EU Economic Data
• China Economic Data