Will weak global growth cause investor uncertainty?
WEEKLY MARKET COMMENTARY |
Weak earnings reports from financials across the global landscape and soft manufacturing numbers out of China over the weekend are likely to dampen risk taking among investors fearful of a correction following two strong months of gains. With sustained uncertainty over global growth and fears that the Federal Reserve have caused a disconnect between financial markets and fundamental economic releases, we expect this concern will be on full display this week when the U.S. calendar will likely show a modest rebound in growth following the 0.5 percent increase in GDP during the first three months of the year.
This week there will be a heavy slate of first-tier data that will feature fresh information from the manufacturing, service, auto and labor sectors including the April non-farm payroll estimate to be published on Friday.
