Matthew McCormick, vice president & portfolio manager at Bahl & Gaynor Investment Counsel, tells CNBC that Wall Street believes Fed tapering will occur in September and it will cause more volatility.
Asian stocks rebounded on Tuesday after China's central bank injected funds into money markets and as the Japanese yen weakened ahead of key global central bank meetings this week.
Stocks kicked off the week on a weak note as investors hesitated to jump in ahead of the Federal Reserve meeting and a slew of key economic reports.
Gold futures settled higher at $1328.40 on Monday, as investors turned their attention to a U.S. Federal Reserve meeting later in the week, which is expected to reaffirm its stance to keep interest rates near zero.
Oil prices were mixed on Monday, with U.S. oil settling above $104 as supply disruptions in Europe helped halt last week's losses.
European shares pared earlier gains to close flat on Monday following a late sell-off after reports that Barclays will seek to raise £5 billion ($7.69 billion) via a rights issue.
The dollar fell to a one-month low against the yen on Monday and a five-week trough against a basket of currencies on expectations the Fed intends to keep interest rates low.
Robert Barbera, Johns Hopkins Center for Financial Economics, and Michael Ryan, UBS, provide a preview of this week's market drivers, including a read on jobs, GDP and the Fed's monetary policy statement due out on Wednesday.
Asian equity markets declined across the board on Monday with Japanese stocks falling to a new three-week low on the back of a stronger currency while renewed fears of an economic slowdown in China hindered gains.
If you're looking for a slow summer day, you won't find it this week.
The dollar fell to a five-week low against a basket of major currencies on Friday.
Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the U.S. Federal Reserve's message at next week's monetary policy meeting pushed the dollar down.
Oil prices dropped amid concerns over falling Chinese demand after the world's second-largest oil consumer ordered factories to reduce output over worries of excess capacity.
Japan's benchmark index tumbled to its lowest level in nearly three weeks on Friday as the yen rose against the greenback while the rest of Asia traded mixed as attention turned to the region's corporate earnings results.
The dollar fell to a fresh one-month low against the euro on Thursday in thin trading, as investors tested key resistance levels in the euro zone currency.
Stocks eked out a small gain in volatile trading Thursday, lifted by materials, as investors digested the latest round of corporate earnings.
U.S. Treasurys prices fell on Thursday, with investors reluctant to buy bonds before a Federal Reserve meeting next week.
Crude rose on Thursday, with U.S. oil ending a seesaw session marginally higher as traders dissected the impact of stronger than expected data in the world's largest economy.
Gold settled nearly 1 percent higher at $1,328 on Thursday, after briefly extending the previous day's 2 percent sell-off.
European shares closed lower on Thursday with investor confidence curbed by a mixed bag of earnings from major companies and concerns about slowing growth in China.
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