Good Morning Traders.
It is Wednesday the 8th of October, here is what to look out for today.
Federal Reserve Governor Cook said a worsening of geopolitical tensions, including those involving Russia, the Middle East and China, could trigger broad negative spillovers to global markets, including higher inflation.
The US Treasury reiterated its call for greater transparency in how Beijing conducts its exchange-rate policy and said it was monitoring China alongside five other major trading partners over its currency practices.
The average 30-year mortgage rate plunged last week by the most in more than a year, helping generate the biggest advance in home purchase applications since early June.
Canadian Building Permits MoM for September
Median Forecast: -1.2% | Prior: 3.4% | Range: 6.4% / -5%
EU Finance Ministers Meetings
US Wholesale Inventories MoM Revised September
Median Forecast: 10% | Prior: 0% | Range: 0.2% / -0.1%
US Sells $40 Bln in 10-Year Notes at Auction
BoC's Meeting Minutes
ECB's Enria exchanges views at the Eurogroup meeting in Brussels, Belgium.
Fed's Powell delivers opening remarks at the central bank's Division of Research and Statistics Centennial Conference. Text is expected but no Q&A.
Fed's Williams delivers keynote remarks at the Fed's Division of Research and Statistics Centennial Conference. Text is expected but no Q&A.
Fed's Barr speaks about the Community Reinvestment Act at the National Association of Affordable Housing Lenders annual conference. Not text expected but there will be a Q&A.
Fed's JeffersonFed Vice Chair Philip Jefferson delivers closing remarks at the Fed's Division of Research and Statistics Centennial Conference. Text is expected but no Q&A.