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Markets Hit by Glut of Escalation Headlines
Markets Hit by Glut of Escalation Headlines
Monday's trading session ended up being as simple as it was unpleasant. Bonds lost ground somewhat sharply as war-related headlines kept adding up to additional escalation. Highlights include overnight reports of Iran hitting a U.S. warship with missiles, multiple reports of UAE air defenses being activated, and damage/fire at a UAE oil export terminal. While bonds had a few moments of independence, they were broadly driven by rising oil prices associated with the aforementioned headlines.
Markets Hit by Glut of Escalation Headlines
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, May 04 | |||||
| 8:00AM | Apr Total Vehicle Sales (ml) | Apr | 15.9M | 16.0M | 16.3M |
| 10:00AM | Mar Factory orders mm (%) | Mar | 1.5% | 0.5% | 0% |
| 12:50PM | Fed Williams Speech | ||||
| 2:00PM | Loan Officer Survey | ||||
| Tuesday, May 05 | |||||
| 8:00AM | Feb Building Permits (ml) | Feb | 1.386M | ||
| 8:00AM | Mar Building Permits (ml) | Mar | |||
| 8:30AM | Mar Trade Gap (bl) | Mar | $-60.5B | $-57.3B | |
| 9:45AM | Apr S&P Global Services PMI | Apr | 51.3 | 49.8 | |
| 9:45AM | Apr S&P Global Composite PMI | Apr | 52.0 | 50.3 | |
| 10:00AM | Feb New Home Sales (ml) | Feb | 0.587M | ||
| 10:00AM | Feb New Home Sales (%) (%) | Feb | -17.6% | ||
| 10:00AM | Apr ISM N-Mfg PMI | Apr | 53.7 | 54.0 | |
| 10:00AM | Apr ISM Services Employment | Apr | 45.2 | ||
| 10:00AM | Apr ISM Services Prices | Apr | 70.7 | ||
| 10:00AM | Apr ISM Biz Activity | Apr | 53.9 | ||
| 10:00AM | Apr ISM Services New Orders | Apr | 60.6 | ||
| 10:00AM | Mar New Home Sales (%) (%) | Mar | -17.6% | ||
| 10:00AM | Mar JOLTs Job Quits (ml) | Mar | 2.974M | ||
| 10:00AM | Mar USA JOLTS Job Openings (ml) | Mar | 6.83M | 6.882M | |
| 10:00AM | Mar New Home Sales (ml) | Mar | 0.668M | ||
| 10:00AM | Fed Bowman Speech | ||||
| 10:10AM | May IBD economic optimism | May | 42 | 42.8 | |
| 10:20AM | NY Fed Bill Purchases 1 to 4 months (%) | $7.585 billion | |||
| 11:30AM | 6-Week Bill Auction (%) | 3.590% | |||
| 12:30PM | Fed Barr Speech | ||||
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