Monday Outlook: What Will the ECB Do?

 

It’s a holiday-shortened week for U.S. markets as we observe Martin Luther King, Jr. day.  Policy will be closely watched in the U.S. and in Europe with President Obama delivering the State of the Union speech Tuesday night, and the European Central Bank holding a key meeting on Thursday.

 

Economic Calendar

Monday:

U.S. Holiday – Martin Luther King, Jr. Day

 

Tuesday:

Federal Reserve Gov. Jerome Powell speech 10:00 AM ET

U.S. Housing Market Index 10:00 AM ET

U.S. State of the Union address 8:00 PM ET

 

Wednesday:

U.S. Bank Reserve Settlement 7:00 AM ET

U.S. Housing Starts 8:30 AM ET

 

Thursday:

European Central Bank Governing Council meeting 2:00 AM

U.S. Leading Indicators 10:00 AM ET

Dairy Products Sales  4:00 PM ET

 

Links:

What is contango, and what does it mean for oil markets? (Financial Times)

How West Texas crude got its swagger back (CNBC)

What you need to know about Davos 2015 (CNN Money)

29 charts worth your time (Enterprising Investor)

Weekly initial unemployment claims jumped last week (Calculated Risk)

What effect a higher franc will have on the Swiss economy (Financial Times)

Institutional Investors need to think about R&D (Institutional Investor)

Aluminum vehicles are winning auto shows (NPR)

Bacon getting breakfast competition from chicken (AgWeb)

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