Morning, Traders!
It is Wednesday the 22nd of February and here are some things to look out for today.
Sentiment
The dollar index was little changed, and treasury yields remained stable after recent increases pushed them to multi-month highs.
Following hawkish comments from one of the Bank of England's policymakers, UK sovereign bonds underperformed their peers.
European stocks were little changed, while US equity futures rose.
According to the most recent Fed minutes, "almost all" officials agreed it was appropriate to raise interest rates by 25 basis points at the meeting, while "a few" preferred or could have supported a more considerable 50 basis point increase.
Analysts and investors were taken aback by the first estimate of net job creation in January. Some analysts predicted that the startling figure would be revised downward as the Bureau of Labor Statistics refined its estimates based on more complete data.
On the eve of the one-year anniversary of Russia's invasion of Ukraine, US Treasury Secretary Janet Yellen said Thursday that the global economy is doing better than many predicted months ago.
Docket
8:30 AM
US GDP QoQ 2nd Estimate - Median Forecast: 2.9% | Prior: 2.9% | Range: 3.1% / 2.5%
US Initial Jobless Claims - Median Forecast: 200K | Prior: 194K | Range: 210K / 180K
11:00 AM
EIA Weekly Data
EIA Crude Oil Inventories - Median Forecast: 16.283 mln
11:30 AM
US sells $75 bln 4-Week Bills
1:00 PM
US sells $35 bln 7-Year Notes
Speakers
10:00 AM
ECB's De Cos speaks in the Economic Affairs Commission at Parliament.
14:00 PM
Fed's Daly will speak in a virtual fireside chat on lessons on leadership and the economy.
Good luck today!
