U.S. Stocks Advance To Start The Week Despite Geopolitical Tension Related To North Korea

U.S. stock indexes are advancing on Monday as earnings season gets underway and recent comments from Trump administration officials over the week-end about challenging North Korea related to a failed ballistic missile test on Sunday hasn’t deterred investors from riskier assets.

Today the U.K.’s Telegraph cited a story in the Japanese Newspaper Yomiuri Shimbun that claims China and Russia have dispatched intelligence gathering vessels from their navies to chase the U.S. Carl Vinson which the Trump administration has deployed to the region to send a message to Pyongyang about their weapons program.

Based on a new week-end poll in the Yomiuri Shimbun, 64 percent  of polled Japanese favor the actions by the U.S. to increase military pressure on North Korea.

Last Friday the U.S. Dept. of Commerce reported that U.S. March retail sales declined -0.2 percent, slightly below the -0.1 percent consensus estimate from briefing.com.

Over the week-end, the Chinese National Bureau of Statistics reported that China’s 1st quarter 2017 GDP rose 6.9 percent.

Today European markets are closed for trading.

The Week Ahead

Earlier this morning, Empire Manufacturing was reported for April and came in weaker than expected.

NAHB Housing Market Index for April was also released. Later this afternoon, Net Long Term TIC flows are reported for this month.

On Tuesday Building Permits and Housing Starts for March will come into focus along with Industrial Production and Capacity Utilization for the same month.

On Wednesday the Fed’s Beige book and the MBA Mortgage Applications Index for April are due along with Crude Inventories.

On Thursday weekly continuing and initial claims will be reported along with leading indicators for March and April data from the Philadelphia Fed.

On Friday Existing Home Sales for March is released.

Written and Edited By:

Johnathan Schweitzer

@SchweitzFinance

schweitz31@gmail.com


 

About Johnathan Schweitzer 1467 Articles
Welcome to Schweitz Finance. I hope that my financial website will provide you with relevant market information to help you manage your investments with greater clarity and insight.
Contact: Website