Highlights
Policy announcements from the Bank of Canada and the Federal Reserve are the day's focus. No one expects a rate change from either bank but all are watching for any guidance on the outlook. Stronger than expected economic data, including the latest US consumer confidence report topping expectations, plus the ongoing energy price shock, have prompted markets to scale back expectations for US rate increases this year.
On energy, oil prices are up on a Wall Street Journal report that President Trump has advised his aides to prepare for a lengthy blockade of Iran's shipping, not a hopeful sign for a near-term settlement. Separately, lots of interest in quarterly results due late in the day from megacaps including Alphabet, Amazon, Meta, and Microsoft.
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.