FXstreet.com (Barcelona) - Friday’s disappointing NFP data in the US left a bitter taste in investors mouths and with limited US data this week there won't be much new information on offer to change anyone's minds. According to Deutsche Bank Macro Strategy Analysts Jim Reid and Colin Tan, “The Fed minutes on Thursday potentially could be a focal point, however the info will be quite backward looking and are thus unlikely to alter any widespread sentiment.”
With a quiet week for data, earnings season will therefore start to grab some of the attention in the US with the start of Q2 earnings season. Indeed in traditional fashion we will see Alcoa officially kick things off with a post-market release today. It’s a slow start though with only 8 additional results expected this week from within the S&P 500. Friday will probably help set the tone for the rest of the US financial sector, with extra special attention likely on JPM's CIO losses and associated info. Google also reports on Friday so it will be a busy Friday.
With a quiet week for data, earnings season will therefore start to grab some of the attention in the US with the start of Q2 earnings season. Indeed in traditional fashion we will see Alcoa officially kick things off with a post-market release today. It’s a slow start though with only 8 additional results expected this week from within the S&P 500. Friday will probably help set the tone for the rest of the US financial sector, with extra special attention likely on JPM's CIO losses and associated info. Google also reports on Friday so it will be a busy Friday.
