Treasury prices are slightly lower this morning following an increase in supply of European sovereign debt. Overnight trading was fairly muted as there was little in the way of data or news coming out of Europe or Asia. US equity markets are pointing to a lower open this morning as the market waits on more clarity regarding US monetary policy. Fed Chairman Powell is scheduled to appear before the House Financial Services Committee tomorrow and investors are curious to see if he will elucidate the central bank’s plan for any further easing. Even after last week’s job report, the market is pricing in a 100% chance of a cut in July but a stronger than expected change in non-farm payrolls had put a damper on more aggressive easing.
Hafizan Hamzah
Director, Investment Management Group
Date | Event | Survey | Actual | Prior | Revised |
7/8/2019 | Consumer Credit | $17.000b | $17.086b | $17.497b | $17.457b |
7/9/2019 | NFIB Small Business Optimism | 103.1 | 103.3 | 105 | — |
7/9/2019 | JOLTS Job Openings | 7470 | — | 7449 | — |
7/10/2019 | MBA Mortgage Applications | — | — | -0.10% | — |
7/10/2019 | Wholesale Trade Sales MoM | 0.30% | — | -0.40% | — |
7/10/2019 | Wholesale Inventories MoM | 0.40% | — | 0.40% | — |
7/10/2019 | FOMC Meeting Minutes | — | — | — | — |
7/11/2019 | CPI MoM | 0.00% | — | 0.10% | — |
7/11/2019 | CPI Ex Food and Energy MoM | 0.20% | — | 0.10% | — |
7/11/2019 | CPI YoY | 1.60% | — | 1.80% | — |
7/11/2019 | CPI Ex Food and Energy YoY | 2.00% | — | 2.00% | — |
7/11/2019 | CPI Core Index SA | 262.564 | — | 262.032 | — |
7/11/2019 | Initial Jobless Claims | 221k | — | 221k | — |
7/11/2019 | CPI Index NSA | 256.093 | — | 256.092 | — |
7/11/2019 | Continuing Claims | 1683k | — | 1686k | — |
7/11/2019 | Real Avg Hourly Earning YoY | — | — | 1.30% | — |
7/11/2019 | Real Avg Weekly Earnings YoY | — | — | 1.00% | — |
7/11/2019 | Bloomberg Consumer Comfort | — | — | 62.6 | — |
7/11/2019 | Monthly Budget Statement | -$7.7b | — | -$207.8b | — |
7/12/2019 | PPI Final Demand MoM | 0.00% | — | 0.10% | — |
7/12/2019 | PPI Ex Food and Energy MoM | 0.20% | — | 0.20% | — |
7/12/2019 | PPI Ex Food, Energy, Trade MoM | 0.20% | — | 0.40% | — |
7/12/2019 | PPI Final Demand YoY | 1.60% | — | 1.80% | — |
7/12/2019 | PPI Ex Food and Energy YoY | 2.10% | — | 2.30% | — |
7/12/2019 | PPI Ex Food, Energy, Trade YoY | — | — | 2.30% | — |
7/12/2019 | Bloomberg July United States Economic Survey |
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