Crypto markets flatlined over the weekend, as investors licked their wounds following the massive $700 billion rout last week. The following several days could see more volatility with more government shutdown data on the way and a key inflation report.
US President Trump reiterated his 100,000 target for the Dow Jones as US stock futures rose on Monday morning. Meanwhile, precious metal markets are recovering, with gold reclaiming $5,000 per ounce and silver rising back to $80 per ounce.
Economic Events Feb. 9 to 13
The latest partial US government shutdown has already affected key data releases. The delayed December Retail Sales data is due on Monday, shedding light on the state of consumer spending.
This is followed by labor market data in the form of the January Jobs Report on Wednesday and Initial Jobless Claims data on Thursday.
“The most important thing, believe it or not, is the Labor Department’s nonfarm payroll report on Wednesday,” said CNBC’s Jim Cramer. “
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