EQUITIES: Over a Third of US Financials Will Have Reported by Tuesday
Jan-13 14:38
- Earnings season continues after a mixed start for banks and financials. Another 4.5% of the S&P 500 are due to report in the coming week, with banks still in the spotlight.
- Goldman Sachs and Morgan Stanley are due to report on Tuesday, after which over a third of the US financials tracked by the SPDR Financial Select ETF will have released earnings.
- Full weekly schedule including timings and EPS/Sales expectations here:
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MNI EXCLUSIVE: EU Officials On Fiscal Rule Reform
Dec-14 14:37
MNI speaks to European Union officials about reform of the bloc's fiscal rules --On MNI Policy MainWire now, for more details please contact sales@marketnews.com
US: MNI Inflation Insight: Paving The Way For Another Downshift In Feb?
Dec-14 14:31
- We have published and e-mailed to subscribers the US Inflation Insight, including MNI analysis and summaries from 17 sellside analysts ahead of the upcoming FOMC decision.
- Full report found here: https://roar-assets-auto.rbl.ms/files/48954/USInflationInsightDec2022.pdf
US TSYS: Market Roundup, Bonds Bouncing
Dec-14 14:26
Tsy futures remain mixed, yield curves steeper (2s10s +4.179 at -68.154) as short end outperforms, bonds weaker but off post-data, support accelerating in last couple minutes with bonds back to late overnight levels (30YY currently 3.5355% vs. 3.5670% high).
- Limited react to Nov Import prices (-0.6%% vs. -0.5% est), Export Prices (-0.3% vs. -0.5% est).
- Main focus remains on final FOMC policy annc for 2022 at 1400ET, Fed chair presser 30 minutes later to discuss.
- With a step-down to 50bp hike a foregone conclusion prior to Tue's lower than exp CPI, markets alert for changes in policy verbage and distribution of 2023 dots, not the median, which will be seen as a stale indicator. Note, while projections were submitted by voters last Friday, they had until yesterday evening to make adjustments (key in light of Nov CPI).
