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This week, major banks including JPMorgan Chase, Goldman Sachs, and Bank of America are set to report earnings, alongside tech and healthcare firms like Taiwan Semiconductor Manufacturing Company and UnitedHealth Group. Key economic indicators such as the Consumer Price Index and Producer Price Index will be released, providing insights into inflation trends, while several Federal Reserve officials are scheduled to speak ahead of the upcoming monetary policy meeting.
Stock markets will halt trading on Thursday in honor of former President Jimmy Carter, who passed away at 100. His presidency (1977-80) was marked by significant events, including the Iran Hostage Crisis, and he later became known for his humanitarian efforts.On Friday, the U.S. Bureau of Labor Statistics will release the Employment Situation report, with expectations of 155K jobs added in December and an unemployment rate steady at 4.2%. This report is crucial for the Federal Reserve's monetary policy considerations, especially amid concerns about the incoming administration's economic impact.
Asian equities are set to rise following a rebound on Wall Street, where the S&P 500 and Nasdaq 100 ended a five-day losing streak, driven by renewed demand for tech stocks. Australian shares and futures for Hong Kong, Taiwan, and Singapore showed gains, while Japan's market declined. Investor interest in stocks signals a return to risk appetite, particularly in tech, as evidenced by Hon Hai Precision Industry's strong revenue report, indicating robust demand for AI infrastructure. Key economic data from China, Thailand, and Vietnam is expected, alongside interest rate decisions from Israel's central bank.
Financial markets will close Thursday for the funeral of former President Jimmy Carter, leading to a shortened trading week. Key data releases include the December jobs report on Friday, FOMC meeting minutes on Wednesday, and various corporate earnings reports, notably from Delta Air Lines and Walgreens Boots Alliance. Investors will also focus on private-sector employment data and consumer sentiment updates throughout the week.
Consumers are increasingly pushing back against high prices, with major retailers like Target and Walmart responding by reducing prices. However, proposed tariffs from President-elect Trump could lead to new price hikes, as companies may find it easier to pass on costs to consumers than in previous years. Richmond Fed President Tom Barkin notes that while tariffs create inflationary pressure, the actual impact on prices will depend on various factors, including consumer and business responses.
Treasury yields rose on Thursday, with the 10-year yield at 4.469% and the 2-year yield at 4.301%, as investors awaited key economic data and Federal Reserve speeches. The producer price index is anticipated to show a 0.2% increase, while Fed Chair Jerome Powell and other officials are set to discuss the economic outlook amid speculation on interest rates following President-elect Donald Trump's return.
The recent FOMC minutes reveal a cautious Federal Reserve, supporting the US dollar as expectations for aggressive rate cuts are tempered. With the upcoming CPI data and speeches from Fed officials, market sentiment remains focused on potential shifts in monetary policy amid global uncertainties and a looming US election. The EUR/USD pair faces downward pressure as the ECB prepares for rate cuts, while the dollar's strength is bolstered by geopolitical factors and resilient economic data.
Tom Barkin
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
big banks and inflation data in focus this week
United States Dollar
Regions Financial Corporation
Schlumberger Ltd
Truist Financial Corp
U.S. Bancorp
Taiwan Semiconductor Manufacturing Company Limited
JPMorgan Chase & Co.
State Street Corporation
BlackRock, Inc.
PNC Financial Services Group Inc
Fastenal Co
Morgan Stanley
Wells Fargo & Company
Bank of New York Mellon Corp
UnitedHealth Group Inc
Citigroup Inc.
Bank of America Corporation
The Goldman Sachs Group, Inc.
USA
Jeffrey Schmid
Neel Kashkari
Austan Dean Goolsbee
Tom Barkin
John Williams
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11:00 12.01.2025
stock markets pause for funeral of former president jimmy carter
United States Dollar
USA
Jeffrey Schmid
Patrick T. Harker
Susan Collins
Jimmy Carter
Michelle Bowman
Tom Barkin
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15:54 09.01.2025
Asian markets poised for gains as Wall Street rebounds from losses
Thai Baht
Japanese Yen
United States Dollar
Chinese Yuan
Vietnamese Đồng
Hon Hai Precision Industry Co., Ltd.
NVIDIA Corp
HKG
USA
ISR
CHN
VNM
AUS
KOR
DEU
TWN
SGP
JPN
THA
Tom Barkin
Lisa D. Cook
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23:31 05.01.2025
markets brace for shortened week with key economic data and earnings reports
Delta Air Lines, Inc.
KB Home
Jefferies Financial Group Inc.
Walgreens Boots Alliance, Inc.
RPM International Inc.
WD-40 Co
Albertsons Companies, Inc.
Constellation Brands, Inc.
Cal-Maine Foods, Inc.
USA
Christopher Wallerstedt
Patrick T. Harker
Lisa D. Cook
Michelle Bowman
Tom Barkin
Jeffrey Schmid
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11:00 05.01.2025
Tariffs Could Drive New Price Increases Amid Consumer Pushback on Inflation
United States Dollar
Target Corporation
Lowe's Companies, Inc.
Walmart Inc.
Amazon.com, Inc.
The Home Depot, Inc.
USA
Tom Barkin
Steve Liesman
Peter Navarro
John David Rainey
Show more
17:57 04.12.2024
treasury yields rise as investors await economic data and fed speeches
11:05 14.11.2024
cautious fed approach and economic resilience support us dollar strength
Euro
United States Dollar
European Central Bank Legal Entity of Public Law
CHN
USA
John Williams
Tom Barkin
02:40 11.10.2024
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