There are still a couple more hours left of the weekend, but the clock is ticking.
Kit Juckes, a currency analyst at Societe Generale, warns of what's about to come:
Brace yourselves, a huge week for market starts in a few hours' time with Chinese manufacturing PMIs. Policy meetings galore and a payroll number to boot. Fireworks are a given, even without minor considerations like the 4th of July!
Indeed, the first of every month is PMI Day, and starting Sunday evening, we'll be covering regional manufacturing reports as they come out (first from Asian countries, then from Europe early Monday morning, and then in North America).
And that's just the beginning: We have plenty of labor data coming up this week (as well as other data) which will culminate in this Friday's Non-Farm Payrolls report. Given the focus on whether the Fed is ready to pull back from its easing at all, Friday's report will be given an extraordinary amount of scrutiny.
Juckes, meanwhile, summarizes the big discussion still surrounding the Fed, and whether Bernanke made a mistake recently by coming off too eager to tighten.
No comments:
Post a Comment