Economic data and monetary policy will be in focus in the week ahead. Both the RBA and the BoE are in action. Expect FOMC member chatter to also draw attention.
The markets closed in the red on Friday as the markets saw weaker-than-expected earnings results from the heavily weighted companies like Amazon. Jay Bryson, Wells Fargo’s Corporate and Investment Bank Chief Economist, and Aadil Zaman, Wall Street Alliances Managing Partner, join Yahoo Finance’s Seana Smith and Adam Shapiro to discuss the latest.
Stocks fell Friday as investors took in a batch of some weaker-than-expected earnings results from heavily weighted companies including Amazon. However, the major indexes still closed out the month of July higher, boosted by a wave of other stronger-than-expected earnings results earlier this month and signals that monetary policymakers would keep current supports in place.