Good Morning Traders.
It is Wednesday the 18th of October, here is what to look out for today.
Sentiment
The dollar dipped, while Treasuries twist-steepened after President Joe Biden arrived in Tel Aviv seeking to defuse tensions between Israel and Hamas.
The pound gained after UK inflation failed to slow in September and the Australian dollar climbed on stronger-than-anticipated Chinese growth figures.
Brent crude rose as much as 3%.
The Federal Reserve faces potential policy troubles ahead as it wrestles with how to respond to investor angst about the US government’s $33.5 trillion mountain of debt
Docket
08:30 ET
US Housing Data for
Housing Starts - Median Forecast: 240K | Prior: 252.8K | Range: 275K / 235K
Building Permits - Median Forecast: 1.456M | Prior: 1.543M | Range: 1.52M / 1.4M
10:30 ET
Weekly EIA Inventories
Crude Oil - Median Forecast: 0 | Prior: 10.176M | Range: 3.624M / -5M
13:00 ET
US Sells $13 Bln in 20-Year Bonds at Auction
Speakers
12:00 ET
Fed's Waller speaks about the economic outlook at the European Economics and Financial Centre's Distinguished Speaker Seminar. Both text and Q&A are expected.
12:30 ET
Fed's Williams participates in a moderated discussion at Queens College. No text but there will be a Q&A.
13:00 ET
Fed's Barkin delivers opening remarks and speaks at a Fed Listens event hosted by the bank. No text expected but there will be a Q&A.
Fed's Bowman delivers welcoming remarks at a Fed Listens event at the Richmond Fed. Text expected but no Q&A.
15:15 ET
Fed's Harker speaks about workforce challenges at an event titled "People, Possibilities, Practice: Designing a Better Future for Workers" at the Philadelphia Fed. Text is expecte but no Q&A.
Earnings
16:00 ET
Netflix Q3 2023 Earnings
Est. EPS $3.49
Est. Rev $8.534B
16:05 ET
Tesla Q3 2023 Earnings
Est. EPS 74c
Est. Rev $24.05B
