The ongoing government shutdown, which has surpassed 40 days, remains the most important short-term factor for general markets. Democrats continue to push for a one-year extension of healthcare subsidies, while the FAA's decision to cut domestic flights by 4% is expected to slow the economy. With a lack of government economic data due to the shutdown, next week’s Fed speeches from Michael Barr, John Williams, Christopher Waller, and Raphael Bostic will carry greater weight and could affect yields, Gold, and other markets. Treasury yields fell on the front end this week, reversing some of the recent rally, though the 30-Year yield rose by two basis points. The week ahead also features earnings reports from 129 companies with market caps over $1 billion, including Occidental Petroleum and Walt Disney. Data releases, contingent on the shutdown resolution, include US note auctions, UK employment data, German and EU surveys, an OPEC monthly report, and EU GDP.
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Learn More: https://www.cmegroup.com/markets/interest-rates.html
#stockmarket #trading #futures