Some improvement in the Economic Breaker Panel: Three breakers tripped, January update, futures are cautiously higher this morning mostly thanks to optimism about the US-China trade situation as “mid-level” meetings concluded in Beijing overnight, President Trump’s address to the nation last night regarding border security and the government shutdown did not have a material effect on markets and more.
Economic Breaker Panel December update (more signs of weakness), EIA Analysis – can the bounce in oil hold?, Futures are slightly higher following a very quiet night of news, as markets digest recent volatility, economic data was sparse as German CPI was the only notable number and it met expectations (2.3% yoy), today the highlight event is the ECB Meeting (E: No Change to Rates) but other than a potentially dovish tone from Draghi at the press conference, this shouldn’t impact markets too much. and more.
Today, we get our first of two notable inflation figures this week: PPI (E: 0.2%) as well as Wholesale Trade (E: 0.8%) and there are two Fed speakers to watch: Evans over the lunch hour (12:15 p.m. ET) and Bostic after the close (6:00 p.m. ET).