Investor eyes turn to China’s worsening slowdown
WEEKLY MARKET COMMENTARY |
This week investors will mull over the impact of another strong U.S. jobs report, in contrast with the deteriorating situation in China and what will likely be a move deeper into negative interest rates by the European Central Bank.
While it’s a light week of data publications on the U.S. calendar, investors will see Canada’s latest employment report and a rate decision by the Bank of Canada on Wednesday.
In Europe investors will see euro-area fourth quarter gross domestic product data and U.K. industrial production. In Asia, the Royal Bank of New Zealand will issue its rate decision on Thursday and will publish inflation data throughout the week.
Also of note, Federal Reserve Vice Chair Stanley Fischer will deliver a speech at the National Association of Business Economists this week.