Greek financial crisis worsens; U.S. earnings season continues
In this week’s market update:
- All eyes on Greece as its financial outlook continues to worsen
- U.S. data – Q1 earnings season, retail sales, jobless claims
- Oil prices hit a new 2015 high as tribal forces seize terminal in Yemen
On Market Week in Review, Chief Investment Strategist Erik Ristuben discusses U.S. Q1 earnings season and key economic data released this week, including retail sales and jobless claims. Ristuben shares his insight on key data investors should continue to watch after three large events that negatively impacted corporate earnings during Q1. He also gives reasoning for this week’s spike in oil prices, which includes the current geopolitical turbulence in Yemen where tribal forces seized an oil terminal on Thursday.
Blair Lowman hosts this week’s market update, which concludes with a review of Europe’s mixed bag of economic data and the market impacts of the Greek financial crisis. Ristuben provides insight on the possibility of a contagion risk due to Greece’s instability and the opportunity investors may want to consider moving forward.