Big Week Beckons, Keeping Markets Rangebound
Consolidative trading patterns are dominating markets this morning as participants prepare for a banger of a week. Tomorrow’s euro area gross domestic product, US consumer confidence, and job openings prints will help set the tone before Wednesday brings Canadian gross domestic product numbers, the Fed’s preferred wage cost measure, the Treasury’s quarterly refunding announcement, and a Federal Reserve meeting. Updated euro area inflation data and the Bank of England’s latest decision will drop on Thursday ahead of Friday’s January’s non-farm payrolls report. The greenback is holding steady, defying a slight drop in yields, equity futures are stable, commodity prices are...