Fundamentals to watch out for this week

Compared to previous week, this one is risk light.

What to watch for over the coming days:

• U.S. Earnings

With few heavyweight economic dockets scheduled for release this week, S&P 500 likely to focus more on earnings.

• UK employment report

Wednesday will see the release of ILO employment report, which may come out as decisive factor is Pound. Focus will remain over wage growth. Last week saw significant rise in inflation, so if wage growth improves, Pound may find base near 1.4 area.

• ECB interest rate decision

For Euro, focus is on Thursday, when European Central Bank (ECB) governor, Mario Draghi presents monetary policy. Any change in policy unlikely but expect Draghi to do best to talk down the Euro.

• Follow-up commentaries from Doha

After producers’ failed to secure a deal at weekend meeting in Doha, oil price is down sharply on Monday to begin the week with. Expect commentaries from oil chiefs around the world, trying to appease market sentiment.