April Market Multiple Table Update
What’s in Today’s Report:
- April Market Multiple Table Update
- Chart – March Small Business Optimism Turns Sharply Lower
Futures are recovering from overnight losses as investors await China’s reaction to the latest wave of tariffs that went into effect overnight amid otherwise quiet news flow.
Economically, there were no market-moving reports overnight, however the Reserve Bank of New Zealand did cut their policy rate by 25 bp (3.75%), meeting expectations.
There are no notable economic reports today which will leave investors largely focused on trade war developments and tariff headlines today.
Outside of tariff news, traders will be watching a 10-Yr Treasury Note auction at 1:00 p.m. ET as well as the March FOMC meeting minutes which will be release at 2:00 p.m. ET.
Finally, there is one Fed officials scheduled to speak: Barkin (12:30 p.m. ET). Any less discouraging commentary will be welcomed by markets today.
