United States

Investors weigh U.S. political risks and fundamental economic data

WEEKLY MARKET COMMENTARY  | 

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The upcoming week in financial markets will likely continue to be organized around measuring domestic U.S. political risk and the evolution of fundamental economic data. While the job market remains robust, there are potential problems building in the housing sector and an anticipated moderation of growth in durables and manufacturing ahead.

The Federal Reserve will send six speakers to address U.S. markets this week surrounding the Wednesday, May 24 publication of the May Federal Open Market Committee minutes. The U.S. Treasury will issue $26 billion in two-year notes on Tuesday, May 23, put to market a $13 billion two-year floating rate note reopening, a $34 billion five-year note on Wednesday, May 24, and a $28 billion seven-year note on Thursday, May 25. The main market movers in the global economy will likely be the Bank of Canada policy meeting on Wednesday, May 24, the Eurozone’s flash purchase managers’ index reports throughout the week and the United Kingdom’s Q1 2017 gross domestic product, to be published on Thursday, May 25.

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