- US March advance goods trade balance -161.99BB vs -147.85B prior
- US April consumer confidence 86.0 vs 87.5 expected
- JOLTS March job openings 7.192M vs 7.480M estimate
- US advanced wholesale inventories for March 0.5% versus 0.5% last month. Estimate 0.0%
- Lutnick: Tariff adjustments give automakers time to grow US plants
- Trump says he will focus on the economy
- Rubio: It’s now time for Russia and Ukraine to submit concrete proposals
- USTR: Europe is not engaging well on tariff talks
- Lutnick: I have a deal with a country, I’m just waiting for foreign parliament to approve
- The market is now pricing in a full 125 bps in Fed easing in the next year
- Final Atlanta Fed GDPNow Q1 estimate -2.7% vs -2.4% prior
- Dallas Fed April service sector outlook index -19.4 vs -11.3 prior
- China waives ethane tariffs, as rumored last week
- US February Case-Shiller 20-city house price index +4.5% y/y vs +4.7% expected
- Bessent: We want a combo of long-term tariff revenue and lower barriers
- Goldman Sachs: Revising our USD/CAD forecasts lower
Markets:
- WTI crude oil down $1.79 to $60.26
- US 10-year yields down 4.6 bps to 4.665%
- Gold down $18 to $3322
- S&P 500 up 0.6%
- USD leads, AUD lags
This article was written by Adam Button at www.forexlive.com.
