What The Actual Phase One Deal Means for Markets

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What’s in Today’s Report:

  • What The Actual Phase One Deal Means for Markets
  • January Economic Breaker Panel
  • EIA Analysis and Oil Update

Futures are modestly higher following a quiet night of news as markets continued to digest that the actual text of the phase one trade deal largely meet expectations.

Economic data was sparse as the only report was German CPI and it met estimates at 1.5% yoy.

Today focus will be on economic data and earnings, as there are several important economic reports including (in order of importance):  Retail Sales (E: 0.3%), Philly Fed (E: 3.4), Jobless Claims (E: 214K), and Housing Market Index (E: 75). There is also one Fed speaker, Bowman (10:00 a.m. ET), but he shouldn’t move markets.

On the earnings front, results have been mixed so far this week, and focus will turn more towards earnings now that phase one is a done deal. Some important reports we’ll be watching today include: MS ($0.98), SCHW ($0.64), BK ($0.99), TSM ($0.72), CSX ($0.97), PPG ($1.35).

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