There are increasing signs of euphoria, and it is plausible that a true blowout end to the bull market could be on its way soon. The S&P 500 edged higher Monday, extending this year’s run of records. Dow Jones Industrial Average declined by 13 points. The Nasdaq Composite advanced by 0.3%, posting fresh closing records.
Some of the world’s biggest banks are still under pressure to relocate to the European Union following the Brexit vote. British Prime Minister Theresa May shook up her cabinet on Monday but kept most of her senior ministers in place.
The Dollar continued to rebound from its poor start to the year, rising 0.2% against its major counterparts. Bitcoin fell as much as 10% to beneath $14,000 after South Korean authorities stepped up surveillance of cryptocurrency trading at large banks.
Oil prices trimmed gains in US trading but remained near three-year highs.
Potential Catalysts Today Switzerland
05:45 AM GMT Unemployment Rate s.a. (Dec)
07:15 AM GMT Retail Sales (YoY) (Nov)
06:00 AM GMT German Industrial Production (MoM) (Nov)
06:00 AM GMT German Trade Balance (Nov)
09:00 AM GMT EuroZone Unemployment Rate (Nov)
02:00 PM GMT JOLTs Job Openings (Nov)
08:30 PM GMT API Weekly Crude Oil Stock
12:30 AM GMT CPI (MoM) (Dec)
12:30 AM GMT PPI (YoY) (Dec)