Monday's Market Minute: Central Banks And Economic Data In Focus

Investors have a lot to be optimistic about this week, with expectations for a coronavirus vaccine before the end of the year and a possible deal between Oracle Corporation ORCL and TikTok for their U.S. operations.

Central bank activity will take center stage this week, with traders dialed in on the FOMC announcement on Wednesday. Don’t forget, we also have the Bank of England and the Bank of Japan – and while many expect the “wait and see” trend to continue, any insight as to how policymakers see economic conditions will help provide clarity.

As far as the Fed, investors will be listening to what Jerome Powell has to say about how they plan to achieve their new lofty inflations targets. We also have a few closely watched economic releases to focus on. Keep an eye on Industrial Production on Tuesday. We have Retail Sales, Crude Oil inventories, the Housing Market Index, and the FOMC on Wednesday. Later in the week, watch out for Quadruple Witching expiration, Leading Indicators, and Consumer Sentiment on Friday.

As far as companies reporting quarterly results, keep an eye on Lennar Corporation LEN, Adobe Inc ADBE, and FedEx Corporation FDX. We have Soybeans continuing the trend up to multi-year highs above $10, an OPEC meeting this week, Brexit talks breaking down to weigh on the British Pound, and Hurricane Sally barreling into the Gulf area, so traders will have their hands full following markets this week.

Photo by Uwe Conrad on Unsplash