Federate Hermes portfolio manager Steve Chiavarone says he s bullish on economic recovery on The Claman Countdown.
The upcoming week will be jam-packed with economic data including the Federal Reserve s Beige Book, and earnings from over a dozen big names including JPMorgan, Goldman Sachs and Delta Airlines.
Investors will also pay close attention to the initial public offering of Coinbase on Wednesday and President Biden s first meeting with a foreign leader since taking office, which is slated for Friday.
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days as the S&P 500 and the Dow Jones Industrial Average are sitting at records, and the Nasdaq Composite exited correction territory on Friday.
JPMorgan, Goldman Sachs, Delta earnings and Coinbase IPO top week ahead msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Mar 15, 2021 07:46 GMTFXStreet News
USD/JPY edged higher for the third consecutive session and refreshed multi-month tops.
The risk-on mood undermined the safe-haven JPY and remained supportive of the move.
The recent rally in the US bond yields benefitted the USD and provided an additional lift.
The USD gained some traction heading into the European session and pushed the USD/JPY pair to fresh nine-month tops, around the 109.35 region in the last hour.
A combination of supporting factors assisted the pair to gain traction on the first day of a new trading week and build on the previous session’s momentum back above the 109.00 mark. The underlying bullish sentiment in the financial markets continued undermining the safe-haven Japanese yen. This coupled with a modest pickup in the US dollar demand provided an additional boost to the USD/JPY pair.
Industrials Up After Strong Economic Data -- Industrials Roundup marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.