Good Morning Traders!
It is Wednesday the 5th of July, and here are the things to look out for today.
Sentiment
Ahead of the release of the Federal Reserve's June meeting minutes, a measure of dollar strength increased somewhat this morning, while maintaining a tight range.
As dismal services industry statistics from China sparked doubts about the future of the global economy, bonds surged and US equities futures fell.
As the rest of the globe forges its own course in the coming months, stubborn inflation that has US and European officials in tightening gear is expected to further disconnect global monetary policy.
This week, US Treasury Secretary Janet Yellen travels to China in an effort to forge economic ties and open channels of communication amid deteriorating relations between the two largest economies in the world.
Docket
10:00 AM ET
US Factory Orders MoM
Median Forecast: 0.8% | Prior: 0.4% | Range: 1.2% / -0.5%
2:00 PM ET
FOMC Meeting Minutes for the June Meeting
Speakers
08:15 AM ET
German Finance Minister Lindner Speaks
2:00 PM ET
ECB's de Cos delivers a speech at a tribute for Josep Pique.
4:00 PM ET
Fed's Williams Speaks participates in a moderated discussion at the 2023 annual meeting of the Central Bank Research Association at the New York Fed.
Good luck!
