Good Morning Traders!
It is Monday 13th of March, the start of a very important week, but here are some things to look out for ahead of today's session.
Sentiment
Less than a week after Federal Reserve Chair Jerome Powell hinted at a resumption of interest-rate hikes, markets slammed the door shut again amid a startling outbreak of financial difficulties at US regional banks.
SVB depositors will receive their entire deposit following a hectic weekend. The failure of a US lender has sparked a blame game over regulation.
When the rest of the US cut back on spending, Generation Z did not. Its post-pandemic wage rise, savings, and flexible working arrangements could be the reason.
Docket
11:30 AM ET
US Sells $57 bln of 3-Month Bills
US Sells $48 bln of 6-Month Bills
12:00 PM ET
NY Fed Inflation Expectations
Speakers
2:05 PM ET
BoE's Dhingra Speaks
Good Luck Today!
