Morning, Traders!
It is Monday the 17th of April, here are some things to look out for today.
Sentiment
Treasury Secretary Yellen said that in the aftermath of recent bank failures, US lenders might reduce credit - enough to do some of the Federal Reserve's work for it, but not enough to significantly alter her economic outlook.
The question of when the US might default will be brought into sharp focus this week when the Treasury reveals how much tax revenue it expects to collect.
The global diesel market is showing signs of an economic slowdown. Natural gas is flooding the world, driving down prices and creating an overabundance of the commodity in Europe and Asia - at least for the next few weeks.
Docket
8:30 AM ET
NY Fed Manufacturing for April
Median Forecast: -18 | Prior: -24.6 | Range: -11.5 / -25
10:00 AM ET
US NAHB Housing Market Index for April
Median Forecast: 45 | Prior: 44 | Range: 47 / 42
11:30 AM ET
US sells $57 bln 3-Month Bills
US sells $48 bln 6-Month Bills
Speakers
9:00 AM ET
Bank of England's Deputy Governor Cunliffe delivers the Keynote speech at the Innovate Finance Global Summit.
11:00 AM ET
ECB President Lagarde gives a speech at the Council on Foreign Relations, C. Peter McColough Series on International Economics in New York.
12:00 PM ET
Fed's Barkin speaks in person before the Richmond Association for Business Economics.
Good luck!
