-
Week Ahead – Turkey decides, crucial US jobs report, x-date fast approaching
Wall Street is starting to get nervous as we near the X-date. A US default seemed unimaginable a couple of weeks ago and despite a lot of positive comments from both sides, negotiations will go down to the wire and that means the risk that it falls apart is growing. Treasury Secretary Yellen will soon provide an update on the X-date and that could show talks might have an extra week from the current June 1st deadline to get a deal done. Economic data for the week will focus on the labor market, consumer confidence, and ISM manufacturing report. The US economy is expected to show job growth softened from 230K to 180K ... (full story)
