Highlights
A decent day for economic events starting at 8:30 am ET with the NY Fed's Empire State manufacturing report and the import/export prices report. The latter takes on more interest in light of the bounce in energy prices in March. Then at 10 am ET the homebuilders housing market sentiment index.
Expectations for the Empire report call for a somewhat depressed minus 2.0 for April versus minus 0.2 in March. Import prices are expected up 2.1 percent on the month and export prices up 1.7 percent, enormous one-month increases for March due to the Iran conflict. At 10 am ET, the housing index is seen at 37 for April, down from 38 in March.
Meanwhile, risk appetite expected strong again with markets bulled up on hopes for renewed peace talks and a peaceful settlement of the US-Iran war, largely reflecting President Trump's positive comments.
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.