Weekly Call With Jose de Haro: Market Wrap September 4th 2016

cropped-cropped-cropped-img_4110.jpg

The August employment report was not weak enough to convince investors that a September rate hike is out of the question. The Treasury market agreed with that assessment, leading to some steepening in the yield curve on Friday as the long end underperformed.

After Labor Day, the upcoming weeks are expected to feature increased volume as market participants return from vacations.

Central bankers take center stage this week as officials from the Bank of Japan and the U.S. Federal Reserve give closely watched speeches ahead of policy meetings later this month. Also, the European Central Bank caps off a two-day policy meeting on Thursday. Elsewhere, the U.K.’s new Treasury chief will make his first appearance before the House of Lords and China reports data on inflation.

Bank of Japan Gov. Haruhiko Kuroda will make his last public appearance on Monday before a closely watched policy meeting Sept. 20-21. On Tuesday, the president of the Federal Reserve Board of San Francisco, John Williams, will give his outlook for the U.S. economy in Reno, Nev just ahead of Wednesday´s release of the Fed´s Beige Book. On Thursday, ECB President Mario Draghi will take center stage in Frankfurt after the central bank’s two-day policy meeting.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s