Good Morning Traders!
It is Thursday 20th of April, today we get the weekly jobless claims data for the US, and a slew of central bank speakers.
Here are some things to look out for.
Sentiment
This morning, Treasuries rally slightly, while money markets keep Fed rate hike bets steady ahead of a busy week of Fed speakers. The dollar falls as the Swiss franc strengthens and the New Zealand dollar weakens. US stock futures are falling, with autos leading the decline in Europe due to pricing pressures. WTI crude for June delivery falls as much as 2% to below $78 per barrel.
Treasury Secretary Janet Yellen stated that the Biden administration was willing to accept economic costs in order to protect US national security interests from Chinese threats, even as she urged Beijing to cooperate on shared global concerns.
The US economy has stalled in recent weeks, with hiring and inflation slowing and credit availability tightening, according to the Federal Reserve's Beige Book survey of regional business contacts, released yesterday.
Docket
08:30 AM ET
US Weekly Jobless Claims Data
Initial Jobless Claims - Median Forecast 240K | Prior 239K | Range 250K/220K
Continued Jobless Claims - Median Forecast 1.825M | Prior 1.81M | Range 1.88M/1.8M
10:00 AM ET
Eurozone Consumer Confidence Flash - Median Forecast -18.5 | Prior 19.2 | Range -17/-20
US Existing Home Sales - Median Forecast 4.5M | Prior 4.58M | Range 4.84M/4.1M
11:30 AM ET
US sells $50 bln of 4-Week Bills
1:00 PM ET
US sells $21 bln of 5 year TIPS
Speakers
08:00 AM ET
ECB's President Lagarde speaks to Students in Paris.
09:15 AM ET
ECB's Visco speaks in London
11:00 AM ET
ECB's Holzmann gives opening remarks at a lecture.
11:30 AM ET
BoC's Gov. Macklem & BoC's Rogers speaks at the Senate banking committee on banking.
BoE's Tenreyro speaks as a panelist at the National Bureau of Economics Research Macroeconomics 38th Annual conference on the return of inflation.
12:00 PM ET
Fed's Waller discusses financial innovation
(Text: Yes, Q&A: Yes, with moderator)
12:20 PM ET
Fed's Mester discusses the economic and policy outlook.
(Text: Yes, Q&A, Yes, with Audience)
3:00 PM ET
Fed's Bowman gives opening remarks at a Fed Listens event hosted by the Dallas Fed.
(Text: Yes, Q&A: No)
4:15 PM ET
ECB's Schnabel gives a guest lecture at Stanford Graduate School of Business.
5:00 PM ET
Fed's Bostic Discusses regional and national economic conditions.
(Text: No, Q&A: Yes, with both Audience and media)
Good Luck Today Traders!
