Morning, Traders!
Happy Halloween! It is Tuesday the 31st of October, here are some things to look out for today.
Sentiment
Treasuries bull flatten, the dollar and US stock futures remain stable, while the yen falls as the BOJ loosens its grip on yield curve control. USD/JPY returns to above 150, while EUR/JPY surpasses 160 for the first time since 2008.
To have a chance of taming inflation, the Federal Reserve intends to tighten financial conditions throughout the economy. However, they have yet to make much of an impact in corporate America, as per the earnings released this season so far.
President Biden praised a tentative agreement reached between the United Auto Workers and all three of Detroit's major automakers as a boon to the industry and the US economy as a whole.
Docket
08:30 ET
Canadian GDP MoM for August
Median Forecast: 0.1% | Prior: 0% | Range: 0.1% / 0%
US Employment Costs Q3
Median Forecast: 1% | Prior: 1% | Range: 1.2% / 0.8%
09:00 ET
US Case-Shiller 20 YoY for August
Median Forecast: 1.7% | Prior: 0.13% | Range: 2.1 / 1.6%
10:00 ET
US CB Consumer Confidence for October
Median Forecast: 100.5 | Prio: 103 | Range: 105 / 98
Speakers
12:00 ET
ECB's Nagel gives a speech to an online forum on inflation in Berlin.
12:30 ET
ECB's de Guindos attends a colloquium with students organized by ICADE University.
Earnings
16:15 ET
AMD Q3 2023 Earnings
Est. EPS 68c
Est. Rev $5.7 bln
Good luck!
