Highlights
President Trump's statement that the US-Iran war is ended and reports saying the two sides may sign a memorandum of understanding as soon as Sunday has sent oil prices and bond yields lower today. All are watchful for next steps, in particular what the Iranian authorities have to say, and signs of how likely the deal is to yield lasting peaceful results.
In economic news, the first reading for June on US consumer sentiment is set for 10 am ET. Expectations call for an index at 46.0 versus 44.8 in the May final. This one would get revised up considerably later in June if the peace deal holds up and gasoline prices go down.
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.