Highlights
Reassuring comments Monday from President Trump suggesting a near-term end to the Iran war were enough to send oil prices lower and stocks higher Tuesday -- in a variation on the TACO trade. That seems like a risky bet given so much volatility on all sides, including Trump's own unpredictability.
On the macro news front, US existing home sales data are due at 10am ET. Expectations call for a soft 3.88 million unit rate for February versus 3.91 in January.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.