Highlights
Oil prices are big up again and stocks off Thursday after President Trump's bellicose-sounding televised speech Wednesday night. We are going to hit them extremely hard over the next two to three weeks. We're going to bring them back to the Stone Ages, where they belong, Trump said. At the same time, Trump repeated that US military objectives were near completion, which has been his mantra for weeks.
That was disappointing to financial markets hoping Trump would provide a clearer plan to end the conflict or to secure passage of energy through the Strait of Hormuz. Instead, the takeaway appears to be more of the same with the threat of escalation by the US and no sign energy prices will ease.
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.