US EARLY MORNING: US equity futures are flat; retail sales, Fedspeak, key earnings reports ahead, while traders will continue to monitor geopolitcs

US PRE-MARKETS: US equity futures are flat; Treasury yields are wider, with the long-end underperforming as the curve bear-steepens; USD is flat; crude futures are higher. Traders are mindful of an anticipated escalation of geopolitical tensions in the Middle East, after Iran's Foreign Minister last night said pre-emptive actions by resistance fighters could be expected in the coming hours; President Biden will travel to Israel on Wednesday to reaffirm solidarity and make clear that Israel has the right to defend itself, and warn others not to take advantage of the crisis to attack Israel. Analysts note that any escalation of the conflict could pressure energy prices higher, complicating the policy implementation of global central banks who are keeping policy restrictive to limit upside price pressures. Fed's Williams' comments will be eyed today in this context; previously he has suggested that there were ample signs that inflation pressures were waning, and suggested that the Fed may be done with rate rises, although left the door open for another hike should the situation require; Williams also reiterated that the Fed would need to keep policy restrictive for some time in order to bring inflation back to target. There is also key data and earnings due today that have the potential for macro impact (German ZEW; US Retail Sales, Industrial Production, Business Inventories; Fed's Williams, Bowman, Barkin, Kashkari, as well as the Fed’s Discount Rate Minutes; ECB's de Guindos; key US corporate earnings today include BAC, GS, LMT, JNJ).

DAY AHEAD:

EQUITY NEWS:

INDUSTRIALS:

MATERIALS:

ENERGY:

TECH:

CONSUMER:

COMMUNICATIONS:

FINANCIALS:

HEALTHCARE:

17 Oct 2023 - 09:30- Data- Source: Newsquawk

Federal ReserveRetail SalesInflationUnited StatesDidier ReyndersJNJOilGlencore PLCMarathon Oil CorpCopperNetflix IncCampbell Soup CoAluminiumGermanyCentre for European Economic ResearchIron OreBACGSLMTUSDXOM.USEADSY.USRYCEY.USRIO.USMRO.USGLNCY.USCVX.USERIC.USASML.USAMAT.USLRCX.USKLAC.USNTCT.USWMT.USCPB.USBIDU.USTOL.USMAS.USLEN.USPHM.USDHI.USKBH.USOC.USMHK.USTSLA.USNFLX.USMRK.USDataChevron CorpCVXPerform Group PLCTECHUSD/SEKASMLApplied Materials IncAMATLam Research CorpLRCXKLACNetScout Systems IncWMTCPBBaidu IncAI FPWells Fargo & CoToll Brothers IncMasco CorpMASLennar CorpLENPulteGroup IncPHMDHIKB HomeCorning IncMHKTSLAExxon Mobil CorpBKPLDJBHTUALBank of America CorpWagesRio Tinto PLCRIOECBBanksConsumer ConfidencePresidentNatural GasForeign MinisterXOMNFLXMerck & Co IncMRKFDAArtificial IntelligenceBrentConsumer Price IndexBoCNew York & Co IncChinaCanadaResearch SheetOpen AIAsian SessionHighlightedEU SessionEURUnited KingdomMROEquatorial GuineaIsraelCornIranGeopolitical

Subscribe Now to Newsquawk

Click here for a 1 week free trial

Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include: