It is Thursday the 16th of November, here is what to look out for today.
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.
Canadian Housing Starts for October, Annualized
Median Forecast: 255K | Prior: 270.5K | Range: 260K / 225K
Weekly US Initial Jobless Claims
Median Forecast: 220K | Prior: 217K | Range: 230K / 201K
US Industrial Production MoM for October
Median Forecast: -0.4% | Prior: 0.3% | Range: 0% / -1.1%
Cleveland Fed President Mester delivers opening remarks at the 2023 Financial Stability Conference hosted by the bank and the Office of Financial Research.
European Central Bank Vice President de Guindos in panel discussion Closing the macroprudential framework' at European Systemic Risk Board conference.
New York Fed President Williams delivers remarks at the bank's 2023 Money Markets Conference.
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.
Q&A: Yes, from a moderator.
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Fed Vice Chair for Supervision Barr speaks on financial stability at the New York Fed's 2023 Treasury Market Conference. Text: No.
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
Cleveland Fed President Mester introduces the keynote speaker at the bank's financial stability conference.
Fed Governor Cook speaks on global linkages and spillovers at the San Francisco Fed's 2023 Asia Economic Policy Conference.
Fed's Mester Speaks on CNBC