Week ahead in U.S. financial markets
WEEKLY MARKET COMMENTARY |
Welcome to the new Wealth Management weekly market commentary. Written by RSM Chief Economist, Joe Brusuelas, the report will include a macroeconomic perspective to help you anticipate and address the unique issues and challenges impacting your personal wealth and business.
In this week's report, the U.S. December employment estimate will be the major economics-related event of the week. Investors will want to assess the sustainability of the torrid 4.8 percent pace of growth in the middle of 2014 and its impact on asset prices. U.S. equity markets continue to flirt with all-time highs, and the U.S. 10-year Treasury has remained range-bound near 2.2 percent in thin holiday trading conditions.
A fairly heavy slate of economic reports this week includes fresh data on the domestic labor market, service sector activity, total vehicle sales and minutes from the December Federal Open Market Committee meeting.
Outside the U.S., investors will be focused on the publication of eurozone Consumer Price Index on Jan. 7. It will probably reflect the deflation in the European economy and possibly affect global asset prices, especially in fixed income markets. Should falling oil prices dislodge inflation expectations, it will create further pressure on the European Central Bank to accelerate the start of their long-awaited quantitative easing program. Download the entire report to learn more.