Highlights
On a quiet day for scheduled macro news events, attention focusing on bond market where yields have corrected lower from Tuesday's highs when the 10-year note threatened to break above 4.75 percent. Oil prices have retreated too but worries persist that they are set to spike again if the US proceeds with threats to renew attacks on Iran. Nasty upside inflation surprises last week in US consumer price and producer price reports add to the angst.
Meanwhile, lots of interest in Nvidia's quarterly earnings report due after the New York cash market close Wednesday. Positioning ahead of the release suggests the market appears bullish on the AI bellwether. Fingers crossed on that one.
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.