A light week on the U.S. economic calendar should be even lighter this week as new reports due out on new & existing home sales and durable goods orders are expected to be delayed due to the government shutdown.
But regional manufacturing reports from the Richmond Fed and Kansas City Fed will be unaffected, along with the weekly figures on U.S. initial unemployment claims. Early in the week, market should take their cues from China’s reports on retail sales, GDP, and industrial production, as well as Theresa May’s new Brexit plan. Later in the week we’ll get figures on German business sentiment. Please note that we’ll be attending the ReMA Winter Board of Directors meetings in Austin, Texas this week, so our next Market Report video will come out on February 4, although we’ll still put out our written report. Please enjoy the Martin Luther King, Jr. holiday and we hope you all have a great week.
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