Market Multiple Levels: S&P 500 Chart
What’s in Today’s Report:
- Market Multiple Table: S&P 500 Chart
U.S. equity futures are little change this morning while international markets were mixed in mostly quiet trade overnight.
Economically, the Eurozone’s Final PMI Composite Index came in at 53.2 vs. (E) 52.5 in March, the latest sign that economic growth is accelerating globally.
Looking into today’s U.S. session, there is just one economic report to watch: International Trade Balance (E: -$70.4B) ahead of the bell while several Fed officials are scheduled to speak over the course of the day: Evans (9:00 a.m. ET), Kaplan (11:00 a.m. ET), Barkin (12:00 p.m. ET), and Daly (1:00 p.m. ET).
The March FOMC Meeting Minutes will also be released at 2:00 p.m. ET and it will be important that both today’s Fed speakers, as well as the Minutes show the FOMC is acknowledging the recent rise in rates but remains ultra-accommodative. Any hawkish hints could cause yields to spike and stocks to give back some of the week-to-date gains.
