After bad University of Michigan numbers on Friday, there not much optimism out there right now, and with crude oil now trading at 58$/barrel after trading at 70 not long ago, pressure is also being put on energy sector. This week however we have a slew of earnings from some big names, most notably Google, Goldman Sachs and IBM. These earning will dictate the mood for the week, as we see how corporate America is faring through the second quarter and its outlook ahead.
Data wise we have the ZEW survey from Germany on Tuesday, UK unemployement data and US FOMC minutes and retail sales to look forward to.
Futures are flat across the the Euribor strip, and Bonds. We are trading down slightly in stock markets across Europe and US.
Subscribe to:
Post Comments (Atom)
Front month WTI Futures plunges to negative $37 as storage costs rocket
It was a move of epic proportions in the front month WTI Crude futures, the significance of which is not really known of yet, but was incre...
-
Much has been said about the new phone and the response on the surface seems exactly how you would expect it to be. Regardless of what Appl...
-
In the previous ECB meeting we had a split decision on whether to cut rates further or not but today Mario Draghi said the council decided ...
-
With the raft of poor data out this morning, we got some strong selling pressure in all parts of the curve. The 2s-10s spread hit an all tim...
No comments:
Post a Comment