Good Morning Traders.
It is Monday the 9th of October and here is what to look out for today.
Sentiment
The conflict between Israel and the militant group Hamas has pushed up oil prices amid fears that it will exacerbate tensions in the Middle East, which produces one-third of the world's crude.
According to oil analysts, Israel's military actions have added new geopolitical risk to a market already roiled by supply cuts, falling inventories, and concerns about high prices impacting demand.
The annual meetings of the World Bank and the International Monetary Fund have begun in Morocco.
Global trade is showing the first, tentative signs that the worst of the downturn is over.
Speakers
08:00 AM ET
EB's de Cos Speaks
09:00 AM ET
Fed's Logan speaks on US outlook and monetary policy at National Association of Business Economics annual meeting in Dallas. Both text and Q&A are expected.
09:15 AM ET
Fed's Barr Federal Reserve Vice Chair Michael Barr speaks at the American Bankers Association annual convention. Both text and Q&A are expected.
1:30 PM ET
Fed's Jefferson gives luncheon address - "a view from the Federal Reserve board" at National Association for Business Economics conference in Dallas. Both text and Q&A are expected.
4:00 PM ET
BoE's Mann is a Panellist at the National Association for Business Economics Annual Meeting ‘What have we learned about Inflation Dynamics?
Good luck!
