Reminder of Market Risks

What’s in Today’s Report:

• Reminder of the (Many) Risks

Futures are higher with global equities while overseas bonds are stabilizing amid easing U.S.-EU trade tensions.

President Trump delayed the implementation date of proposed 50% tariffs on the EU, which were first threatened Friday morning, from June 1 to July 9 which is being well received by global investors and supporting broad risk-on money flows across asset classes.

There were no material or market-moving economic reports overnight but there are several key reports to watch in the U.S. today including Durable Goods Orders (E: -8.1%), the Case-Shiller Home Price Index (E: 0.3%), and Consumer Confidence (E: 87.3).

Additionally, there are two Fed speakers to watch: Barkin (9:30 a.m. ET), Williams (8:00 p.m. ET) as well as a 2-Yr Treasury Note auction at 1:00 p.m. ET, all of which could shed light on Fed policy expectations for the months ahead.

Finally, a few more late season earnings releases continue to trickle in with PDD ($2.25), AZO ($36.78), and BNS ($1.14) all reporting today but the market impact should be limited.