A look at the day ahead in U.S. and global markets from Alun John
"Overall, the government realises the strength and weaknesses faced by the economy. It is not overly optimistic and does not spend too much to boost growth. It focuses more on longer-term growth challenges," said ING's chief economist for Greater China Iris Pang.On the subject of investors looking for good news, U.S. treasury yields are down for a second session in a row, with the benchmark 10-year yield at 3.
payrolls numbers due on Friday, U.S. CPI released March 14, and, before then, Fed chair Jerome Powell's semi annual congressional testimony on Tuesday and Wednesday this week., followed by a steady inflation print that caused markets to finally accept the U.S. Federal Reserve will not be cutting interest rates this year.* U.S. Factory orders.By Alun John, editing by Ed Osmond [email protected]. Twitter: @reutersMikeDOpinions expressed are those of the author.
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