Good Morning, Traders!
Today is Thursday 19th of January, the day of the classic US Jobless Claims Data. Here are some things to look out for today.
Sentiment
This morning, Treasuries increased while the dollar gauge remained stable.
After policymakers at the European Central Bank made hawkish comments, front-end euro-area bonds fell.
After a disappointing jobs report, the Australian dollar declined.
European equities reversed a six-day uptrend, and US market index futures continued to decline as investor concerns over rising indications of a global economic slowdown increased.
Lorie Logan, president of the Dallas Federal Reserve, and Patrick Harker, president of the Philadelphia Federal Reserve, made the case for another reduction in the central bank's tightening campaign when policymakers next meet.
The most recent beige book from the federal reserve shows ambivalence about the economy's ability to achieve a soft landing this year, with some contacts worried about waning demand and a probable recession and others more upbeat, suggesting that a recession can be avoided, according to analysts.
A collection of statistics pointing to a deteriorating outlook includes another set of unusually disappointing US industrial production estimates in December, according to analysts.
Docket
8:30 AM ET
US Housing Starts Number for December
Median Forecast 6.8% | Prior 7.4% | Range 7.2% / 6.6%
US Weekly Jobless Claims Data
Initial Jobless Claims - Median Forecast: 214K | Prior: 205K | Range: 230K / 199K
Continued Jobless Claims - Median Forecast: 1.655M | Prior: 1.634M | Range: 1.7M / 1.625M
10:30 AM ET
Weekly EIA Natural Gas Change
Median Forecast: -75 BCF | Prior: 11 BCF | Range: -61 BCF / -85 BCF
11:00 AM ET
Weekly EIA Petroleum Inventories
Crude Oil Inventories - Median Forecast: -3M | Prior: 18.961M | Range: 4M / -4M
1:00 PM ET
US sells $17 bln in 10-year TIPs
Speakers
9:00 AM ET
Fed's Collins will speak at a conference on housing hosted by her bank, the Boston Fed.
Text is expected, but not a Q&A.
ECB's Knot Speaks at the WEF event in Davos on digital currencies.
12:00 PM ET
ECB's Schnabel Speaks
1:15 PM ET
Fed's Brainard discusses the economic outlook at an event hosted by the University of Chicago Booth School of Business.
Text and Q&A are both expected.
Earnings
4:00 PM ET
Netflix Q4 2022 Earnings
Estimated EPS: 42c
Estimated Revenue: $7.854M
Good luck today!
