Good Morning Traders!
It is Wednesday 10th of May, today we get the highly anticipated inflation print for the US, but here are some other things to look out for:
Biden and congressional Republicans made little tangible progress Tuesday towards averting the first-ever US default, but pledged spending talks that could lead to an agreement.
Some of Wall Street's most experienced traders warned of unthinkable long-term consequences of a US default, arguing that the debt limit should be permanently repealed.
08:30 AM ET
US CPI YoY for April - Median Forecast 5% | Prior 5% | Range 5.2%/4.7%
CPI MoM for April - Median Forecast 0.4% | Prior 0.1% | Range 0.5%/ 0.2%
Core CPI YoY - Median Forecast 5.5% | Prior 5.6% | Range 5.6%/ 5.3%
Core CPI MoM - Median Forecast 0.3% | Prior 0.4% | Range 0.5%/ 0.3%
10:30 AM ET
EIA Crude Oil Inventories - Median Forecast -2.5M | Prior -1.281M | Range 2.5M/-3M
1:00 PM ET
US sells $35 bln of 10-Year Notes
09:30 AM ET
German Economy Min. Habeck Speaks
10:00 AM ET
ECB's Centeno Speaks - Speaking on the Bank of Portugal's financial stability report.
12:00 PM ET
SNB's Chairman Jordan Speaks
2:30 PM ET
NZ's Finance Min. Robertson Speaks - Giving a speech at the Wellington Chamber of Commerce ahead of the budget.