A Credit Suisse gauge tracking how much investors are paying for equity protection has rallied.
While demand for haven assets has eased as financial markets attempt to shrug off Friday's disappointing U.S. employment figures, a ratcheting up of geopolitical tensions and Europe's looming test of populism curtailed optimism. Corporate outcomes may offer the next fresh catalyst — they'll accelerate this week with earnings due from the likes of JPMorgan Chase& Co ., Tesco Plc and Prada SpA.
” Geopolitics trumps economics as the main marketplace driver, with strained U.S.-Russian the relationships and the dispatch of a U.S. aircraft carrier towards the Korean peninsula stimulating the headlines ,” Kit Juckes, a global strategist at Societe Generale, wrote in a note.” This week, it will be geopolitics and events outside the U.S. which drive marketplaces .”
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What investors will be watching the coming week 😛 TAGEND Argentina, Brazil, Canada, Chile and South Korea are among countries setting interest rates. U.S. bank earnings also begin with Citigroup, JPMorgan and Wells Fargo early Thursday. U.S. Secretary of State Rex Tillerson will meet with Russian equivalent Sergei Lavrov in Moscow, and is expected to press the Kremlin about chemical weapons in Syria. Fed Bank of Minneapolis President Neel Kashkari will participate in a Q& A at a meeting of the Minnesota Business Partnership on Tuesday. The U.K. economy is in focus. Inflation probably slowed in March, tomorrow's report may prove, though the headline rate should pick up in coming months. Employment figures are likely to have remained steady on Wednesday, while wage growth slowed. The Bloomberg Dollar Spot Index fell 0.1 percent at 1,229.06 as of 4: 09 p.m. in New York, after advancing 0.3 percent on Friday. The pound gained 0.4 percentage versus the greenback. The S& P 500 rose 0.07 percentage to 2,357.16. The underlying gauge lost 0.3 percentage last week. The Stoxx Europe 600 Index finished little changed. France's CAC 40 Index fell 0.5 percent The yield on 10 -year Treasuries fell 2 basis points to 2.36 percent, after climbing four basis points on Friday. France's 10 -year yield rose four basis points to 0.93 percentage. That compared to the bund benchmark yield at 0.21 percent, little changed from the last session. Gold was little changed at $1,254.18 per ounce. West Texas Intermediate crude rose 1.6 percentage to $53.08 a barrel, after climbing more than 1 percent in each of the previous two sessions.