What's Happening Today:
- As Asian and European market provide a positive tone, U.S.-based futures markets are pointing to a higher open this morning.
- A number of geopolitical and macroeconomic themes will certainly provide added color to the directional bias this week. The FOMC meeting is scheduled to release its most recent statement this week followed by the FOMC Chair Yellen press conference on Wednesday afternoon. Economists will be looking for key indications and language as it relates to the inflation situation in the US versus other major economies, the employment situation and impact of lower than anticipated wage growth, and the much-anticipated indication of the unwinding of the balance sheet on timing and duration.
- While talk of a possible peaceful resolution to the question of the North Korean Regime has surfaced, traders will be looking for additional indications from the major parties surrounding the situation (South Korea, China, US, Russia, Japan)
- This week, the markets will hear from UK Prime Minister Theresa May on the latest negations taking place for the Brexit transaction. Some key financial aspects of the agreement is in discussion as the deadline approaches.