Highlights
The ISM services report at 10 am ET is the day's main scheduled macro news event ahead. Expectations call for the index at 53.7 for May, almost flat from 53.6 in April. That would suggest ongoing moderate growth in the giant US services sector.
Meanwhile, worries that US-Iran talks are breaking down and apparent attacks by the two sides on the other sent oil prices and bond yields slightly higher.
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.