Global markets firmed overnight on Sunday and have stayed positive since the Monday Opening Bell. In the pre-market session Futures Markets pointed to a strong opening for U.S. equities.
It is a fairly heavy week as far as economic reports go with critical announcements taking place on Thursday.
- Feb 12: Treasury Budget
- Feb 14: Consumer Price Index
- Feb 14: Retail Sales
- Feb 14: Business Inventories
- Feb 15: Jobless Claims
- Feb 15: PPI
- Feb 16: Housing Starts
- Feb 16: Consumer Sentiment
Today’s Treasury budget for January will offer the first effects of this year’s tax cut.
The first retail sales report that looks beyond the holiday season is set to be delivered on Wednesday. Quarterly earnings are starting to slow as most have announced.
Treasury Market back on the move – 10 year yield climbs. The yield on the 10-year Treasury traded as high as 2.893 percent this morning as investors stay alert on inflation risks ahead of key U.S. CPI data on Wednesday.
Oil prices have bounced back after last week’s declines.