Highlights
On the day after the Federal Reserve's shift to a somewhat more hawkish stance and the signing of a controversial US-Iran pact, oil prices continue lower while US Treasury yields are higher at the short end and lower at the long end.
In scheduled news, the Philadelphia Fed's manufacturing report and weekly jobless claims are due at 8:30 am ET. The expectation for Philly Fed index is growth at 10.0 for June versus minus 0.4 in May. Jobless claims expected at 225K, down from 229K last week.
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.