Good Morning Traders!
It is Wednesday the 19th of July, and here are some things to look out for today.
Sentiment
The dollar rose this morning, led by gains against the yen, as investors reduced expectations for a policy change by the Bank of Japan next week. After easing, the pound fell and gilts rose.
Inflation data in the United Kingdom suggested that the Bank of England may not raise interest rates as aggressively as expected.
Following the UK CPI reading, Treasuries rose alongside European bonds.
Mortgage rates in the United States fell back below 7% last week, largely canceling out the previous week's increase.
Joe Biden is announcing three new federal actions, including updated antitrust enforcement guidance, as part of his administration's push to reduce costs for Americans as he seeks reelection in 2024.
Docket
08:30 AM ET
US Housing Starts for June
Median Forecast: 1.48M | Prior: 1.631M | Range: 1.62M / 1.39M
US Building Permits Number June
Median Forecast: 1.5M | Prior: 1.491M | Range: 1.6M / 1.425M
10:30 AM ET
Weekly EIA Inventories
Crude Oil Inventories - Median Forecast: -2.5M | Prior: 5.946M | Range: -1.643M / -3M
1:00 PM ET
US sells $12 bln 20-Year Bonds Reopening
Speakers
12:00 PM ET
BoE's Ramsden gives a speech on quantitative tightening, chaired by Money Macro and Finance Society.
Text to be released.
Earnings
4:00 PM ET
Netflix Q2 2023 Earnings
Est. EPS: $2.85
Est. Rev: $8.3 bln
4:05 PM ET
Tesla Q2 2023 Earnings
Est. EPS: 80c
Est. Rev: $24.5 bln
4:10 PM ET
IBM Q2 2023 Earnings
Est. EPS: $2
Est. Rev: $15.54 bln
Good luck!