Morning, Traders!
It is Tuesday the 5th of December, here are some things to look out for today.
Sentiment
The dollar held steady, and Treasuries rose as markets awaited JOLTS and ISM services data.
The euro recovered some of its losses after ECB's Schnabel signaled that future rate hikes are unlikely, while the Australian dollar fell after the Reserve Bank kept interest rates unchanged.
The US Federal Reserve is losing control of its messaging on interest rates, but financial markets should not expect any cuts anytime soon, according to Allianz Chief Economic Adviser Mohamed El-Erian.
Docket
09:45 ET
US S&P Services PMI November Final
Median Forecast: 50.8 | Prior: 50.8 | Range: 50.8 / 50.5
10:00 ET
US ISM Services PMI for November
Median Forecast: 52.3 | Prior: 51.8 | Range: 53.5 / 50.8
US JOLTS Job Openings for October
Median Forecast: 9.3M | Prior: 9.553M | Range: 9.53M / 9.2M
Good luck!
