It will be a bit of a quieter week on the data front this week, ahead of next week’s busy schedule when we will have a plethora of central bank meetings, including the BoE, BoJ and the Fed, plus lots of key data such as the U.S. monthly jobs report.
U.S. stocks fell today as the possibility of a $14 billion fine against Deutsche Bank weighed on big banks and investors wrestled with lingering uncertainty about when the U.S. Federal Reserve will hike interest rates.
Wall Street rallied on Thursday, boosted by Apple and lackluster economic data that further dimmed the prospects of an interest rate hike in the near term. Retail sales and industrial activity fell more than expected in August. The data follows reports showing a slowdown in job growth and a slump in manufacturing activity for the month.
Apple Inc unveiled its new water and dust-resistant iPhone 7 with high-resolution cameras at its fall product event on Wednesday, and said a Super Mario game was coming to the new phone and Pokemon Go would feature on its upgraded Apple Watch.
The iPhone 7 is expected to make its global debut on Wednesday, but many consumers and investors are already setting their sights on Apple Inc's 2017 version of the popular gadget, hoping for more significant advances.
Wall Street was set to open little changed on Wednesday as investors looked forward to Friday's nonfarm payrolls data for a clearer picture on the health of the economy and the timing of the next interest rate hike.