Consumer sentiment remains solid heading into the second half of 2017
WEEKLY MARKET COMMENTARY |
Forward-looking investors are likely to be squarely focused on policy developments in the nation’s capital amidst an equity market that continues to melt up. Given that the upcoming week will observe a spate of second-tier data, the possible major market moving event may be around the likely vote in the U.S. Senate this week on health care reform.
The Federal Reserve will send five speakers to address the public this week with Janet Yellen’s speech on global economic issues in London on Tuesday, June 27, being the major address over the next five days. The U.S. Treasury will sell $26 billion in two-year notes on Monday, June 26, $34 billion in five-year notes on Tuesday, June 27, issue $13 billion two-year floating rate notes on Wednesday, June 28, as well as issue $28 billion in seven-year notes. Key publications in the global economy will be the Canadian gross domestic product estimate on Friday, June 30, the Bank of England's Financial Stability Report on Tuesday, June 27, and the euro-area inflation estimate on Friday, June 30.