Coming up: Earnings reports from Ford, PepsiCo, Disney, McDonald's and others, comments from several Fed officials, and possible revisions to consumer price index numbers.
January ended with a big week for economic data, including the first Federal Reserve decision of the year and the first employment data reading. While the Fed’s statement dropped any tightening bias, Chair Powell’s press conference curtailed market hopes for a near-term pivot to less restrictive monetary policy. This saw Treasury yields fall steeply after the meeting. However, this descent was ultimately short-lived, as much stronger than expected employment data on Friday sent yields higher. At time of writing, the ten-year Treasury yield was 12 basis-points lower on the week.
ASIAN currencies inched down on Tuesday, while shares were range-bound after a loan survey showed credit conditions in the U.S. were less gloomy than expected, while investors also awaited U.S. inflation data for clarity on interest rate hikes.
May 8 (Reuters) - Euro zone government bond yields edged
higher on Monday with markets expecting European Central Bank
officials to reiterate their commitment to higher interest
rates. Dutch Central Bank Preside. | 04:50am
May 8 (Reuters) - Euro zone government bond yields edged
higher on Monday with markets expecting European Central Bank
officials to reiterate their commitment to higher interest
rates. Dutch Centr. | 07:01am