Weekly Outlook: Equities, Gold and Negative Rates

Following a strong non-farm payrolls number on Friday, this could be a pivotal week for equities and gold markets. Gold futures reached a 13 month high last week while equities trimmed some of their losses through the first two months of the year.  Just about every market will be watching the European Central Bank announcement on Thursday. Some expect the central bank to drop already negative interest rates even lower.

 

Links:

Can year-to-date stock losses be erased this week? (Reuters)

Will gold prices see new highs? (Financial Times –paywall)

U.S. crude stockpiles are at their highest level since 1930 (Bloomberg)

Some Midwest farmers are struggling to break even (NPR)

BIS highlights the risks of negative rates (Financial Times – paywall)

Reasons to believe the U.S. labor force is back (FiveThirtyEight)

Hong Kong home sales hit a 25 year low in February (Quartz)

India is betting big on solar power (CNN Money)

 

Economic Calendar

Monday:

Gallup U.S. Consumer Spending Measure 8:30 AM ET

Federal Reserve Vice Chair Stanley Fischer speech 2:30 PM ET

U.S. Treasury STRIPS  3:00 PM ET

 

Tuesday:

NFIB Small Business Optimism Index 6:00 AM ET

 

Wednesday:

U.S. Wholesale Trade 10:00 AM ET

 

Thursday:

ECB Announcement 7:45 AM ET

Crop Production 12:00 PM ET

USDA Supply/Demand 12:00 PM ET

 

Friday:

Import & Export Prices  8:30 AM ET

 

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