Could market volatility be calming?
WEEKLY MARKET COMMENTARY |
Over the past six trading days volatility has calmed and both equities and oil look to be finding a bottom, signaling the latest correction in asset markets may be coming to an end.
This week includes a spate of manufacturing data across Europe that will inform global investors on the pace of growth and external demand for finished goods. In the United States there will be a wave of housing related data, durable goods orders, the final look at Q4 2015 gross domestic product, and personal income and spending to kick off 2016. The Federal Reserve will send eight different individuals to shape market expectations including Vice Chair Stanley Fischer on Tuesday who will speak on monetary policy in Houston. The U.S. Treasury will sell $26 billion in 2-year notes on Tuesday, $13 billion in 2-year notes on Wednesday, $34 billion in 5-year notes on Wednesday and $28 billion in 7-year notes on Thursday.