What Happens If Markets Tire of Trade Headlines?
What’s in Today’s Report:
- What Happens If Markets Tire of Trade Headlines
- NY Fed Inflation Expectations (Chart)
Futures are slightly higher on news that President Trump is considering a “tariff pause” for automobile imports which offset reports that China is halting U.S. aircraft imports.
Economically, the German ZEW Survey was mixed as Current Conditions were better than feared at -81.2 (E: -86.0), while Economic Sentiment badly missed at -14 (E: 10.0) which underscores the still broad sense of global economic uncertainty.
Today, focus will be on economic data early with the Empire State Manufacturing Index (-10.0) and Import & Export Prices data (E: 0.0% m/m, 0.1% m/m) due to be released before the bell.
Additionally, there is one Fed speaker to watch mid-day: Barkin (11:35 a.m. ET) and earnings season continues with several important companies reporting quarterly results including BAC ($0.81), C ($1.84), JNJ ($2.57), and UAL ($0.80).
