Morning, Traders!
It is Thursday the 16th of November, here is what to look out for today.
Sentiment
On Thursday, US equities were poised to halt their advance as signs of weakness in corporate earnings raised concerns that the November rebound had gone too far. During high-stakes talks to stabilise a turbulent relationship strained by economic competition and military and diplomatic missteps, US President Biden and Chinese leader Xi reached a series of agreements. On Thursday, Wall Street will be looking for more hints about the economy and monetary policy as it watches jobless claims, Walmart earnings, and a lineup of Federal Reserve speakers. Recent optimism about a soft landing has pushed US stocks from technically oversold to potentially overbought territory.
Docket
08:15 ET
Canadian Housing Starts for October, Annualized
Median Forecast: 255K | Prior: 270.5K | Range: 260K / 225K
08:30 ET
Weekly US Initial Jobless Claims
Median Forecast: 220K | Prior: 217K | Range: 230K / 201K
09:15 ET
US Industrial Production MoM for October
Median Forecast: -0.4% | Prior: 0.3% | Range: 0% / -1.1%
Speakers
08:30 ET
Cleveland Fed President Mester delivers opening remarks at the 2023 Financial Stability Conference hosted by the bank and the Office of Financial Research.
Register Here
09:15 ET
European Central Bank Vice President de Guindos in panel discussion Closing the macroprudential framework' at European Systemic Risk Board conference.
Watch Here
09:25 ET
New York Fed President Williams delivers remarks at the bank's 2023 Money Markets Conference.
Watch Here
10:30 ET
Federal Reserve Governor Waller participates in a discussion on central bank digital currency at a conference hosted by the Bank of Canada and Sweden's Riksbank.
Text: No.
Q&A: Yes, from a moderator.
View Event Here
10:35 ET
Fed Vice Chair for Supervision Barr speaks on financial stability at the New York Fed's 2023 Treasury Market Conference. Text: No.
Q&A: No.
Watch Here
10:45 ET
Bank of England Deputy Governor Ramsden delivers remarks at the 7th Annual Conference of the European Systemic Risk Board ‘Financial stability challenges ahead: emerging risks and regulation’, Germany
Watch Here
11:45 ET
Cleveland Fed President Mester introduces the keynote speaker at the bank's financial stability conference.
Q&A: No.
Register Here
12:00 ET
Fed Governor Cook speaks on global linkages and spillovers at the San Francisco Fed's 2023 Asia Economic Policy Conference.
Text: Yes.
Q&A: No.
Watch Here
13:30 ET
Fed's Mester Speaks on CNBC
Good luck!