Highlights
At 10 am ET, US pending home sales are due, where the consensus looks for a 0.9 percent increase on the month in April.
Meanwhile, markets focused as usual on the latest confusing headlines about the US-Iran war. Investors are taking somewhat seriously President Trump's latest claims that he delayed a renewed kinetic attack to allow negotiations to continue, the latest installment of the TACO trade. As a result, oil prices and risk assets a little better so far Tuesday. On the other hand, plenty of reporting suggests the negotiations remain deadlocked over the same issues as before.
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.