Mortgage rates fell last week as China’s equity market spiraled downward. The Chinese shut down their stock exchanges on two separate days last week as circuit breakers kicked in which shut trading down after a 7% drop. After last week China will certainly be a central focus for the upcoming week.
The early portion of this week will likely be highlighted by events in China as the markets try to determine if a global slowdown in growth is the headline of 2016. There are plenty of releases out of China this week, including new yuan loans figures and trade data for December. Later in the week domestic economic data will get more attention. The highlight in the coming week will be Friday’s release of December retail sales and industrial production figures. There are several FOMC members in action at the back end of the week, with notably voting members, Bullard and Dudley, speaking on Thursday and Friday, respectively.
Economic Calendar for the week of 01/11/2016 to 01/15/2016:
Monday: Labor Market Conditions Index Change
Tuesday: NFIB Small Business Optimism and JOLTS Job Openings
Wednesday: MBA Mortgage Applications, Monthly Budget Statement and U.S. Federal Reserve Releases Beige Book
Thursday: Initial Jobless Claims, Continuing Claims and Import Price Index
Friday: Retail Sales, PPI, Industrial Production, Capacity Utilization, University of Michigan Sentiment and Small Business Inventories
The early portion of this week will likely be highlighted by events in China as the markets try to determine if a global slowdown in growth is the headline of 2016. There are plenty of releases out of China this week, including new yuan loans figures and trade data for December. Later in the week domestic economic data will get more attention. The highlight in the coming week will be Friday’s release of December retail sales and industrial production figures. There are several FOMC members in action at the back end of the week, with notably voting members, Bullard and Dudley, speaking on Thursday and Friday, respectively.
Economic Calendar for the week of 01/11/2016 to 01/15/2016:
Monday: Labor Market Conditions Index Change
Tuesday: NFIB Small Business Optimism and JOLTS Job Openings
Wednesday: MBA Mortgage Applications, Monthly Budget Statement and U.S. Federal Reserve Releases Beige Book
Thursday: Initial Jobless Claims, Continuing Claims and Import Price Index
Friday: Retail Sales, PPI, Industrial Production, Capacity Utilization, University of Michigan Sentiment and Small Business Inventories
