Highlights
Oil futures prices down again today as markets anticipate constructive news in US-Iran talks intended to reach initial deal to reopen the Strait of Hormuz while leaving most issues to be resolved later.
In economic news, a quiet day with US Richmond Fed manufacturing report at 10 am ET and a US Treasury 5-year note auction on tap at 13:00 ET. Expectations for Richmond Fed look for an index at 4 for May versus 3 in April, suggesting ongoing slow expansion.
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.