Key Trump appointments, OECD news and fresh economic data set the tone
WEEKLY MARKET COMMENTARY |
Investors will likely observe one of the more important forward-looking weeks for asset pricing this year. First, the incoming Trump administration is widely expected to announce its appointments for the U.S. Treasury, Commerce and Energy departments this week. Second, on Sunday the Italian referendum on liberalization of certain portions of the country’s economy will take place which will directly impact the valuation of the euro before and after the plebiscite. Third, the Organization for Economic Cooperation and Development (OECD) meeting will provide an answer on the falling cartels ability to set a price floor in the market. Finally, on Friday the U.S. November employment report will be released. Fresh data on manufacturing, auto sales, personal income and spending, and pending homes sales will all be published this week. The Federal Reserve (Fed) will send five speakers to shape public expectations this week with the most notable likely to be Fed Governor Jerome Powell on Wednesday.