Investors will get a variety of data this week to mull over
WEEKLY MARKET COMMENTARY |
Investors returned from a holiday-shortened week to observe an extraordinarily large number of first-tier data to be published in the U.S. this week. In addition on Tuesday, Federal Reserve (Fed) Chair Janet Yellen will address the Economic Club of New York and take questions after which will surely set the table for risk appetite across global asset classes for the week. Should she not take an April hike off the table and the Friday U.S. employment report again arrive near 200,000, investors could see long-term rates and the U.S. dollar pushed higher. In addition to Chair Yellen, the Fed will send seven other speakers to address the public. Beyond the employment report, investors will interpret new information on income and spending, housing, consumer confidence, manufacturing, factory orders and total vehicle sales.