Wyllian Capucci
06/24/2021
Claims, stress
Initial weekly unemployment claims are expected to drop to less400,000 after last week’s surprise burst into highs. The numbersthis morning may also show the impact of the phasing out of benefitsunemployment increases as of June 12 in some states. The dataarrive at 9:30 am, Brasília time. At the other end of the working day, the FederalReserve will release its latest stress test results when marketsclose, with the six big banks being approved – paving the way forhigher dividends and share buybacks.
Speeches
Democratic and Republican senators drafting an infrastructure plan$559 billion bipartisan to meet with President Joe Biden in the HouseWhite today. Any deal would need at least 10 Republican votes to beapproved in the Senate, with tax issues among the main controversies until thetime. The Senate group is struggling to reach an agreement beforelawmakers leave Washington on Friday for a two-week break
Monetary policy
Today’s Bank of England decision marks the last meeting of the chief economistof the institution, Andy Haldane. Although there are no policy changes expected toto be announced in the 8:00 am decision, the rise in inflation in the UK aboveof the bank’s target increased speculation about the timing of future tightening.Speaking of hawks, the President of the Federal Reserve Bank of Atlanta, Raphael Bostic,said that he would be in favor of raising rates in 2022 and that the reduction couldoccur in the coming months
Markets go up
Global stock markets are rebounding today as stocksgain some momentum after being stagnant for most of the week.Overnight, the MSCI Asia Pacific index added 0.1%, while the Topix index added 0.1%.Japan closed 0.1% below. In Europe, the Stoxx 600 Index was 0.7% higher at6:50 am, with increased business confidence in the region. The S&P 500 Futurespointed to a strong opening , the 10 – year Treasury yield was at1.494%, oil was above $73 a barrel and gold was up.
Coming
In addition to complaints, we have the third reading of US GDP and goods ordersfirst quarter to May at 9:30 am. Kansas City Fed production isat 12:00. Mexico’s central bank announces its latest policy decision at 3 pm.Nike Inc., FedEx Corp. and Carnival Corp. announce the results.
Source:https://wintrademarkets.com/
