Here
are the links to the weekly roundups, reviews and also previews of the
beginning week. Last week’s ‘Weekly Support’ is here.
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LAST WEEK
Disappointing Wages Spark Biggest Market
Rally Of The Year
NEXT WEEK
Economic
Calendar – Berenberg
Dollar's
sudden weakness could help U.S. profit picture
Weighing the Week Ahead - Jeff Miller
We have a rather light
week for economic data. The biggest reports came last week. Earnings season
continues. Everyone is keeping a close eye on President Trump, wondering what
might happen next. Meanwhile, stocks are at all-time highs and interest rates
have stabilized. This combination creates more questions than answers, which
will lead the punditry to wonder: Is the market optimism justified?
In
the Nordics, Norwegian GDP stands out. Norway and Denmark will publish
inflation numbers. In a week of second-tier data from the majors, a record-high
German trade surplus might draw further criticism from the US “trade warriors”.
Wed:
UK House of commons vote on Article 50 * Trump
USD
weaker as Trump team blames Germany, Japan and China for devaluing currencies *
We still look for stronger USD on 1-3M horizon * A trade war could be brewing –
self-defence if you ask Trump, protectionism if you ask trade partners * More
upside in yields and equities
in
the medium term
Leveraging
Will Survive Corporate Tax Reform
Business
confidence indicators are starting to level off * Inflation on the rise, but
risks of significant inflation remain very modest * Global trade strongly on
the rise * Director of the US National Trade Council comes out with ‘weird
comments’
Dollar
Turn Remains Elusive
Macro Comment – Marc
Chandler
Politics
Not Economics is Driving the Markets