Oil prices dollar movements to dominate weekly narrative
WEEKLY MARKET COMMENTARY |
The upcoming week in financial markets will remain squarely focused on movements in oil, the U.S. dollar, eurozone gross domestic product and the Bank of Canada interest rate decision. With the U.S. economy pointing toward above-trend growth in the wake of solid August employment gains, fears about a slowing of the global economy will continue to predominate.
Economic data this week will feature mostly second-tier releases on jobs, openings, layoffs and turnovers, first time claims, wholesale inflation, consumer confidence and the monthly budget statement.
Among central bank speakers, Minneapolis Federal Reserve President Narayana Kocherlakota will provide what will probably be a dovish outlook on monetary policy this week.