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Markets remain focused on coronavirus outbreak
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BoE and FOMC to announce rate decision this week
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German IFO index among reports scheduled for today
Downbeat moods persist at the start of a new week with coronavirus death toll rising sharply to over 80. Traders should expect trading to be centered around the topic this week with stocks and oil being particularly vulnerable. Other events of note that could spur additional volatility this week are FOMC decision (Wednesday, 7:00 pm GMT), BoE decision (Thursday, 12:00 pm GMT) and US GDP release (Thursday, 1:30 pm GMT).
Readings scheduled for today
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Create account Try a demo Download mobile app Download mobile app9:00 am GMT - Germany, IFO index for January. Expected: 97 pts. Previous: 96.3 pts
9:00 am GMT - Poland, unemployment rate for December. Expected: 5.2%. Previous: 5.1%
3:00 pm GMT - US, new home sales for December. Expected: 725k. Previous: 719k
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