What To Expect in the Markets This Week [Video]

Trading hours will be shortened this week with the Thursday national day of mourning for former U.S. President Jimmy Carter, which will close stock markets and federal agencies for the day, and some bond markets early. Several events on that day’s calendar were rescheduled, with other changes possible.

Investors will be tuned in Friday for the U.S. jobs report for December, with private-sector employment data coming earlier in the week. On Wednesday, minutes for the Federal Open Market Committee (FOMC) meeting in December will shine a light on officials’ deliberations on interest rates. Federal Reserve Govs. Christopher Waller and Michelle Bowman, along with Philadelphia Fed President Patrick Harker and Kansas City Fed President Jeffrey Schmid, are among this week’s scheduled speakers.

The Institute for Supply Management (ISM) will release its December services sector Purchasing Managers Index (PMI)on Tuesday, while the Fed is scheduled to release consumer credit data on Wednesday. U.S. trade deficit data and preliminary December consumer …