How Much Have Things Improved?
What’s in Today’s Report:
- Updated Market Outlook: How Much Have Things Improved?
- Weekly Market Preview (ECB Thursday is the Key)
- Weekly Economic Cheat Sheet (Retail Sales Friday)
Futures are marginally higher following a generally quiet weekend as markets continue to digest some (very) mild progress on U.S./China trade.
Economic data was mixed as Chinese exports missed expectations (-1.0% vs. (E) 2.5%) while German exports (0.7% vs. (E) -0.5%) and British Industrial Production (0.3% vs. (E) 0.1%) both beat expectations.
But, the reports aren’t moving markets as focus is on central banks this week (specifically the ECB on Thursday).
Today there are no notable economic reports nor are there any Fed speakers (they are entering the “blackout” period ahead of next Wednesday’s meeting) so we’ll be watching for any trade related headlines, and any continued improvement in the “tone” of relations will continue to support stocks.