What’s in Today’s Report:
- Bank Update – Positive Catalyst Looming?
- 10’s-2’s Curve Update (Positive)
- Weekly EIA and Oil Outlook
Futures are very slightly higher following a quiet night of news.
There was no trade news overnight so cautiously optimistic sentiment towards trade remained in place – and all eyes remain on next week’s U.S./China summit which, for now, is still on.
British Retail Sales was the only notable economic report, and it beat estimates at 0.3% vs. (E) 0.1%, continuing a recent run of good British data.
Today focus will be, of course, on any trade headlines, especially pertaining to next week’s U.S./China trade summit. Beyond that, we get some notable economic data, starting with Philadelphia Fed Business Outlook Survey (E: 19.2). We also get Jobless Claims (E: 210K) and Existing Home Sales (E: 5.360M) although neither should move markets.