The U.S. based Equity Markets are pointing to a mixed open this morning. Asian markets closed mixed in the overnight session. European markets are mostly lower heading into the afternoon session as European financials see continued volatility.
The third week of May returns to more extensive economic data after a somewhat lighter second week that ended with the still very important US Retail Sales. There are no central bank rate decisions or further Quantitative Easing (QE) announcements expected this week. Yet international fundamental influences are still there in the form of Wednesday morning’s Organization for Economic Cooperation and Development (OECD) Q1 2016 Quarterly GDP Growth.
New U.S. single-family home sales rose more quickly than expected in August on the back of a strong upward revision for the prior's month's growth, pointing to a strengthening recovery in America's housing market.