Free Trial

What to Watch: Bank Drama, ECB Policy Annc, Weekly Claims

US TSYS
Markets a little more calm overnight compared to the bank (domestic and foreign) panic drama in the first half of the week. Short end rates remain softer after Swiss officials announced liquidity measures for Credit Suisse late Wednesday. Focus remains on banks, however, First Republic Bank (FRC) down 35% recently, financials weighing on SPX eminis (ESH3 -15.5 at 3909.5).
  • ECB policy announcement at 0845ET
  • Economic data out of the way early (0830ET)
  • Initial Jobless Claims (211k, 205k)
  • Continuing Claims (1.718M, 1.720M)
  • Import Price Index MoM (-0.2%, -0.2%); YoY (0.8%, -1.1%)
  • Import Price Index ex Petroleum MoM (0.2%, 0.1%)
  • Export Price Index MoM (0.8%, -0.3%); YoY (2.3%, --)
  • Housing Starts (1.309M, 1.310M); MoM (-4.5%, 0.1%)
  • Building Permits (1.339M, 1.345M); MoM (0.1%, 0.3%)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.