Good Morning Traders! This Tuesday brings us earnings from BofA and Morgan Stanley.
Here is what else to expect.
Sentiment
Plans by the Biden administration to limit investments in China will only apply to brand-new investments in cutting-edge technology, and they are likely to take effect early next year as the policy works its way through Washington's bureaucracy.
Although she doesn't anticipate a recession in the US, Treasury Secretary Janet Yellen warned that China's economic downturn risks having an impact on the entire global economy.
The newest draught of the US bank regulators' proposals, which include criteria for large lenders' residential mortgages that go above and beyond international standards, are likely to be made public next week.
According to a government estimate, the growth of shale oil production, which has altered the US economy and energy sector, will cease in August.
Speakers
04:00 AM ET
ECB's Villeroy Speaks
Earnings
06:45 AM ET
Bank of America Q2 2023 Earnings
EPS est. $0.84 | Rev. Est. $25.1 bln
07:30 AM ET
Morgan Stanley Q2 2023 Earnings
EPS est. $1.20 | Rev. Est. $13.11 bln
Lockheed Martin Q2 2023 Earnings
EPS Est. $6.43 | Rev. Est. $15.89 bln
Good Luck Today Traders!
