It is Tuesday the 9th of May, a quiet day ahead of the all-important US inflation numbers tomorrow.
Here are some things to look out for today.
As global shares fell this morning, the dollar edged up and US Treasuries gained, while investors awaited comments from Federal Reserve officials for more insight into the outlook for US interest rates. Treasuries were supported by ongoing concerns about the US debt ceiling standoff, with yields retreating from one-week highs reached on Monday. Markets were also bracing for a key US inflation reading later in the week.
Goldman Sachs' US interest-rate strategists have joined those at Barclays in advising customers that the Fed will be less aggressive in cutting interest rates this year than markets anticipate.
A Fed report yesterday warned that banks' concerns about slower growth could lead to fewer loans, hastening an economic downturn, and singled out commercial real estate as a high-risk sector.
12:00 PM ET
EIA Short-Term Energy Outlook Report
1:00 PM ET
US sells $40 bln 3-Year Notes
8:30 AM ET
Fed's Jefferson takes part in a virtual conversation with the Atlanta Black Chamber.
Text: No, Q&A: Yes, with a moderator.
10:00 AM ET
ECB's Villeroy speaks at Bloomberg's 'Future of Finance Conference.
12:05 PM ET
Fed's Williams speaks to the Economic Club of New York
Text: Yes, Q&A: Yes, with a moderator.
1:00 PM ET
ECB's Schnabel gives a lecture at Hessicher Kreis.