U.S. markets closed
  • S&P Futures

    3,927.00
    +4.50 (+0.11%)
     
  • Dow Futures

    31,991.00
    +75.00 (+0.23%)
     
  • Nasdaq Futures

    13,297.75
    -4.25 (-0.03%)
     
  • Russell 2000 Futures

    2,296.60
    +11.50 (+0.50%)
     
  • Crude Oil

    63.44
    +0.22 (+0.35%)
     
  • Gold

    1,796.30
    -1.60 (-0.09%)
     
  • Silver

    28.11
    +0.25 (+0.90%)
     
  • EUR/USD

    1.2167
    -0.0001 (-0.01%)
     
  • 10-Yr Bond

    1.3890
    +0.0270 (+1.98%)
     
  • Vix

    21.34
    -1.77 (-7.66%)
     
  • GBP/USD

    1.4138
    -0.0003 (-0.02%)
     
  • USD/JPY

    106.0000
    +0.1180 (+0.11%)
     
  • BTC-USD

    50,554.71
    +241.80 (+0.48%)
     
  • CMC Crypto 200

    1,007.95
    -6.97 (-0.69%)
     
  • FTSE 100

    6,658.97
    +33.03 (+0.50%)
     
  • Nikkei 225

    30,156.48
    +484.78 (+1.63%)
     

Tuesday's Market Minute: Watching Banks And Rates

TD Ameritrade Network
·1 min read

Let’s take a minute to have a look at the week ahead and what you should be dialed in on. This week I expect the focus to shift from economic data (jobs and inflation) to earnings and central bank activity. Now, that’s not to say the ecodata will be ignored, because there are some noteworthy releases.

We have the weekly jobless claims Thursday, Philly Fed, and some housing data to keep an eye on. Investors will we be looking to see if weak labor conditions persist, and if the recent uptick in rates has slowed some of the housing trends we saw throughout 2020 (10-year yields recently spiked back to near 1.25%).

We ended last week with the focus on banks and quarterly results (which seemed somewhat mixed); this week we kick things off with a similar focal point: banks. Tuesday, we’ll hear from Bank of America Corp (NYSE: BAC) and Goldman Sachs Group Inc (NYSE: GS) before the open, and Netflix Inc (NASDAQ: NFLX) on the close. Later in the week, we have Morgan Stanley (NYSE: MS), Proctor & Gamble Co (NYSE: PG), UnitedHealth Group Inc (NYSE: UNH), and Fastenal to name a few that have potential to move markets and shift investor sentiment.

Last but not least, we’ll hear from the European Central Bank (ECB), the Bank of Japan (BOJ), and the Bank of Canada this week, all of which is a precursor to the FOMC meeting next week. So, as usual, lots to stay dialed in on, and lots of information headed our way with potential to move markets – make it a great trading week.

Photo by Dmitry Demidko on Unsplash

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.