CPI DAY!!! 8:30 AM ET !!!
Bank estimates
- JP MORGAN 4.9%
- SCOTIABANK 4.9%
- NOMURA 4.9%
- BARCLAYS 5%
- BLOOMBERG 5%
- BANK OF AMERICA 5%
- CREDIT SUISSE 5%
- HSBC 5%
- TD SECURITIES 5%
- UBS 5%
- WELLS FARGO 5%
- VISA 5.1%
- GOLDMAN SACHS 5.1%
- CIBC 5.1%
- CITI 5.1%
- MORGAN STANLEY 5.1%
MEDIAN 5%
Kinda RED out there
- Hong Kong: Hang Seng closed down -0.53%
- China CSI 300 -0.77%
- Taiwan KOSPI -0.54%
- India Nifty 50 +0.25%
- Australia ASX -0.21%
- Japan Nikkei -0.58%
- All European bourses all in negative territory so far this morning except Spain and German tech
- US indices in very slight negative territory, USD +0.12%
Overnight Data/News
- PBoC Sets Yuan Mid-Point At 6.9299 / Dlr VS Last Close 6.9200
- German CPI (M/M) Apr F: 0.4% (est 0.4%; prev 0.4%) – German CPI (Y/Y) Apr F: 7.2% (est 7.2%; prev 7.2%) – German CPI EU Harmonised (M/M) Apr F: 0.6% (est 0.6%; prev 0.6%) – German CPI EU Harmonised (Y/Y) Apr F: 7.6% (est 7.6%; prev 7.6%)
- Swedish Industrial Orders (M/M) Mar: -1.0% (prev 3.6%) – Swedish Industrial Orders (Y/Y) Mar: -9.3% (prev -4.7%)
- Norwegian CPI (M/M) Apr: 1.1% (est 0.7%; prev 0.8%) – Norwegian CPI (Y/Y) Apr: 6.4% (est 6.1%; prev 6.5%) – Norwegian CPI Underlying (M/M) Apr: 1.0% (est 0.8%; prev 0.6%) – Norwegian CPI Underlying (Y/Y) Apr: 6.3% (est 6.1%; prev 6.2%)
- Italian Industrial Production (M/M) Mar: -0.6% (est 0.3%; prev -0.2%) – Italian Industrial Production WDA (Y/Y) Mar: -3.2% (est -1.7%; prev -2.3%) – Italian Industrial Production NSA (Y/Y) Mar: -3.3% (prev -2.2%)
- US Trade Chief to Meet China Minister in Sign of Warmer Ties – BBG
- US Banks Generated Record First-Quarter Profits Despite Turmoil – FT
- China Bond Yields Fall As Economic Recovery Turns Patchy, Fuelling Bets On Rate Cuts – FP
- UK Financial Markets Price 100% Chance Of Bank Of England Rate Hike On Thursday
- US Oil Major Chevron Plans To Boost Its Venezuelan Output, Optimize Exports To Accelerate Debt Recovery – RTRS Sources – Chevron Recovers About $220 Mln Of Venezuela’s Outstanding Debt, Aims For All $3 Bln By End 2025
- US Department Of Justice Is Looking At Short Selling Activity In Regional Bank Shares – RTRS Sources
- The New York Fed’s survey of consumers found inflation expectations declined to 4.4% at the one-year-ahead horizon but increased slightly to 2.9% at the three-ahead horizon
US DATA TODAY
