Good Morning Traders!
It is Tuesday the 25th of July, and here are some things to be mindful of today.
Sentiment
The demand for loans among businesses in the eurozone fell by the most ever in the second quarter, according to data from the European Central Bank's Bank Lending Survey, which caused the euro to drop. The central bank, which is anticipated to raise interest rates by 25 basis points on Thursday, uses the Bank Lending Survey as a crucial input.
An important turning point in the Federal Reserve's battle against inflation has arrived. Differences among decision-makers have begun to widen after more than a year of widespread agreement that higher interest rates were required.
The semiconductor industry warns that the US won't have enough engineers, computer scientists, and technicians to enable a rapid increase in semiconductors this decade, endangering efforts to boost the domestic chip economy.
Elsewhere, the Bank of Canada is up against hopeful homeowners in its efforts to control inflation, providing a preview of a potential issue that central banks around the world may face.
Docket
09:00 AM ET
US Case-Shiller 20 YoY for May
Median Forecast: -2.1% | Prior: -1.7% | Range: -0.9% / -2.7%
10:00 AM ET
US CB Consumer Confidence for July
Median Forecast: 112 | Prior: 109.7 | Range: 118.1 / 108
13:00 PM ET
US sells $43 bln 5-Year Notes
Earnings
16:00 PM ET
Alphabet Q2 23 Earnings
Est. EPS: $1.32
Est. Rev $60.23 bln
16:05 PM ET
Microsoft Q4 23 Earnings
Est. EPS: $2.55
Est. Rev $55.49 bln
Visa Q3 23 Earnings
Est. EPS: £2.11
Est. Rev $8.06 bln
Good luck!