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

DateEventSurveyActualPriorRevised
10/5/20Markit US Services PMI54.654.654.6
10/5/20Markit US Composite PMI54.354.4
10/5/20ISM Services Index56.257.856.9
10/6/20Trade Balance-$66.2b-$67.1b-$63.6b-$63.4b
10/6/20JOLTS Job Openings6500649366186697
10/7/20MBA Mortgage Applications4.60%-4.80%
10/7/20FOMC Meeting Minutes
10/7/20Consumer Credit$14.000b-$7.220b$12.250b$14.674b
10/8/20Initial Jobless Claims820k840k837k849k
10/8/20Continuing Claims11400k10976k11767k11979k
10/8/20Bloomberg Consumer Comfort4849.3
10/9/20Bloomberg Oct. United States Economic Survey
10/9/20Wholesale Inventories MoM0.50%0.50%
10/9/20Wholesale Trade Sales MoM4.60%

 

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