Treasuries are little changed this morning while equity futures are down in response to US tech companies cutting off shipments to Huawei. Tech giants such as Google and Qualcomm have halted shipments to the Chinese smartphone maker after the Trump administration blacklisted the company for espionage. These moves are likely to exacerbate the ongoing trade war between the US and China.
Later today, three Fed speakers, including Chairman Powell, will give their thoughts on the economy. The market will paying attention to see if any the speakers will discuss any impacts that the trade war has had on the economy.
Hafizan Hamzah
Director, Investment Management Group
Date | Event | Survey | Actual | Prior | Revised |
5/20/2019 | Chicago Fed Nat Activity Index | -0.2 | -0.45 | -0.15 | 0.05 |
5/21/2019 | Existing Home Sales | 5.35m | — | 5.21m | — |
5/21/2019 | Existing Home Sales MoM | 2.70% | — | -4.90% | — |
5/22/2019 | MBA Mortgage Applications | — | — | -0.60% | — |
5/22/2019 | FOMC Meeting Minutes | — | — | — | — |
5/23/2019 | Initial Jobless Claims | 215k | — | 212k | — |
5/23/2019 | Continuing Claims | 1669k | — | 1660k | — |
5/23/2019 | Bloomberg Consumer Comfort | — | — | 59.9 | — |
5/23/2019 | Bloomberg Economic Expectations | — | — | 50 | — |
5/23/2019 | Markit US Manufacturing PMI | 52.6 | — | 52.6 | — |
5/23/2019 | Markit US Services PMI | 53.5 | — | 53 | — |
5/23/2019 | Markit US Composite PMI | — | — | 53 | — |
5/23/2019 | New Home Sales | 671k | — | 692k | — |
5/23/2019 | New Home Sales MoM | -3.00% | — | 4.50% | — |
5/23/2019 | Kansas City Fed Manf. Activity | 7 | — | 5 | — |
5/24/2019 | Durable Goods Orders | -2.00% | — | 2.60% | — |
5/24/2019 | Durables Ex Transportation | 0.10% | — | 0.30% | — |
5/24/2019 | Cap Goods Orders Nondef Ex Air | -0.30% | — | 1.40% | — |
5/24/2019 | Cap Goods Ship Nondef Ex Air | -0.20% | — | 0.00% | — |
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