Monday's Market Minute: What To Stay Dialed In On

It seems this week we have four major focal points, first and foremost U.S./China relations. China took measures last week to impose restrictions on Hong Kong, leading to some heated back-and-forth rhetoric. There’s news this morning that China is halting some of their U.S. farm imports, which if so, certainly raises some concerns.

Keep an eye out for headlines related to this developing story. Next we have the ECB, the RBA, and the BOC all announcing interest rate policy decisions this week. Keep an eye on the U.S. Dollar: last week, it sold off to levels we haven’t seen since mid-March. Third, we have the S&P 500 last week up and through the 200-day moving average – will it be able to hold above it this week? Will the Russell 2000 and the DJIA join and take out their 200-day moving average? Both have been lagging behind so far, and the Nasdaq has been leading. Lastly, we have more jobs data – with something like 40 million jobs lost in the last 11 weeks, the data on Thursday and Friday will be closely watched.

Initial jobless claims Thursday, while still staggering levels, have been declining. The major focal point will be Friday’s non-farm payrolls and the unemployment rate. Will investors continue to shrug off labor market concerns? Those questions and a whole lot more will be answered this week on the TD Ameritrade Network – check us out there!

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