October 9, 2020 Headlines

Treasuries are unchanged this morning while equity futures are pointing to a higher open in response to news of renewed stimulus talks. While there is still disagreement on the size of the deal, there appears to be at least some agreement between the House and the Trump administration on the scope of the bill; with both sides seeming to agree that it should be more comprehensive in nature rather than just address certain sectors like the airline industry.

As a reminder, the market will be closed this Monday the 12th in observance of Columbus Day

Hafizan Hamzah
Director, Investment Management Group

Date Event Survey Actual Prior Revised
10/5/20 Markit US Services PMI 54.6 54.6 54.6
10/5/20 Markit US Composite PMI 54.3 54.4
10/5/20 ISM Services Index 56.2 57.8 56.9
10/6/20 Trade Balance -$66.2b -$67.1b -$63.6b -$63.4b
10/6/20 JOLTS Job Openings 6500 6493 6618 6697
10/7/20 MBA Mortgage Applications 4.60% -4.80%
10/7/20 FOMC Meeting Minutes
10/7/20 Consumer Credit $14.000b -$7.220b $12.250b $14.674b
10/8/20 Initial Jobless Claims 820k 840k 837k 849k
10/8/20 Continuing Claims 11400k 10976k 11767k 11979k
10/8/20 Bloomberg Consumer Comfort 48 49.3
10/9/20 Bloomberg Oct. United States Economic Survey
10/9/20 Wholesale Inventories MoM 0.50% 0.50%
10/9/20 Wholesale Trade Sales MoM 4.60%


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