By Mike Dolan
LONDON (Reuters) – What issues in U.S. and international markets right now
By Mike Dolan, Editor-At-Giant, Monetary Business and Monetary Markets
Bond markets creaked once more after the hammer got here down on a lukewarm sale of 20-year U.S. Treasuries on Wednesday with President Donald Trump’s sweeping tax and spending invoice clearing a vital hurdle in a single day.
In right now’s column, I talk about how a long-standing pattern of U.S. companies appearing as cash-rich internet lenders may reverse because of elevated funding in AI and re-industrialisation efforts, doubtlessly creating new competitors for funds with ever-expanding U.S. authorities borrowing.
However now onto all of the market information.
At this time’s Market Minute
* U.S. President Donald Trump’s sweeping tax and spending invoice cleared a vital hurdle on Thursday, because the Home of Representatives voted roughly alongside social gathering traces to start a debate that may result in a vote on passage later within the morning.
* Overseas buyers might as soon as barely think about that China would invade neighbouring Taiwan, however with Donald Trump as president of america, many view it as a tail-risk situation they need to put together for, though they can not discover methods to take action.
* Shares and the U.S. greenback fell on Thursday, whereas longer-dated Treasury yields steadied close to their highest in 18 months as worries of a worsening fiscal outlook on the planet’s largest financial system remained on the high of buyers’ minds.
* Bitcoin rose to its highest degree on report on Wednesday, eclipsing the earlier excessive from January, as danger sentiment continues to enhance after final month’s tariff-induced selloff.
* Oil costs fell greater than 1% on Thursday following a report that OPEC+ is discussing a manufacturing enhance for July, stoking issues any potential enhance in international provide would exceed demand development.
* Photo voltaic farms are set for a report stretch of energy sector dominance in Germany after changing into the only largest era supply within the nation on the earliest level of the 12 months ever.
Hammer comes down
Markets concern the invoice will bake in elevated deficits and rising debt piles over the rest of the administration’s time period not less than. The proposed laws lifts the $36.2 trillion debt mountain by one other $3.8 trillion over the following decade, in response to the nonpartisan Congressional Funds Workplace.
Lawmakers have been because of vote once more to cross the measure later right now and ship it on to the Republican-led Senate, which might take weeks to behave. And it was not but clear whether or not Home Speaker Mike Johnson would safe the required help from his personal slim 220-212 seat Republican majority.
However bond markets are getting restive, because the poor 20-year public sale displayed. The U.S. 30-year yield reached 5.108%, its highest since October 2023, and the 20-year yield hit 5.126%, its highest since November 2023.
The 30-year ‘lengthy bond’ yield is now simply 7 foundation factors from 2023’s peaks. A break above that may put it at its highest because the 2007 banking crash unfolded – a shock which compelled the Federal Reserve to spend years in bond shopping for help.
Hassle on the lengthy finish of the Treasury market was mirrored in authorities bond markets all over the world, with Japan nonetheless grappling with surging ultra-long yields to report ranges too and Britain’s 30-year yield hitting its highest since April’s volatility.
Financial institution of Japan board member Asahi Noguchi mentioned on Thursday he noticed no want for the central financial institution to intervene within the bond market to stem current sharp rises in super-long yields, describing the strikes as “speedy however not irregular”.
Compounded by aggravated inflation readings and tariff-related worth issues, the debt worries unnerved inventory markets once more too. Wall Road inventory indexes fell again greater than 1% on Wednesday and markets in Asia and Europe have been all decrease earlier right now.
There was some respite from crude oil costs, nevertheless. U.S. benchmark retreated 1% after a report that OPEC+ is discussing a manufacturing enhance for July, stoking hypothesis that international provide might exceed demand development.
The greenback received a modest carry meantime as indicators from the G7 finance chiefs in Canada advised Washington held again from demanding the next yen in bilateral commerce talks with Japan, as some pre-meeting hypothesis had fretted about.
U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato issued a press release on Wednesday that the dollar-yen change fee at the moment displays fundamentals, a uncommon and express assertion on the prevailing market scenario.
Bessent and Kato “reaffirmed their shared perception that change charges must be market decided and that, at current, the dollar-yen change fee displays fundamentals”, the Treasury Division mentioned in a press release.
The considerably contradictory assertion additionally mentioned that they didn’t talk about international change ranges.
On Wednesday, South Korea’s gained rose sharply towards the greenback after a media report that Washington had demanded that Seoul provide you with measures to spice up the gained as a part of any commerce deal. The gained gave up most of these features right now, nevertheless.
Elsewhere, consideration was on worldwide enterprise surveys for Might. Composite readings for euro zone and Japanese companies confirmed exercise there unexpectedly slipping again into contractionary mode this month, due largely to recent weak point amongst service sector firms.
U.S. equivalents are due out later, together with weekly jobless numbers.
Be sure you take a look at right now’s column, which seems to be at potential rumblings in U.S. authorities debt markets from the attitude of home U.S. company demand for credit score going ahead.
Chart of the day
Longer-dated U.S. Treasury yields climbed once more after a $16 billion sale of 20-year bonds on Wednesday met lukewarm demand from buyers simply as Congress thrashed out the small print of Donald Trump’s fiscal invoice.
With long-term debt yields rising the world over, buyers are involved about mounting deficits, debt piles and tariff-related inflation dangers.
The New York Fed’s estimate of the 10-year time period premium – the compensation buyers demand for holding 10-year debt to maturity versus simply rolling over short-term securities – is near its highest in additional than a decade and virtually twice its 20-year common.
At this time’s occasions to observe
* U.S. weekly jobless claims (0830EDT), flash Might manufacturing surveys from S&PGlobal(0945EDT), Kansas Metropolis Federal Reserve Might manufacturing survey (1100EDT), April present dwelling gross sales (1000EDT); Canada April producer costs (0830EDT)
* U.S. Treasury sells 10-year inflation-protected securities
* G7 finance ministers and central bankers meet in Banff in Alberta, Canada
* New York Federal Reserve President John Williams and Richmond Fed President Thomas Barkin communicate; European Central Financial institution Vice President Luis de Guindos speaks; Financial institution of England Chief Economist Huw Tablet speaks
* U.S. company earnings: Analog, Autodesk, Copart, Deckers, Intuit, Ralph Lauren, Ross, Workday
Opinions expressed are these of the creator. They don’t mirror the views of Reuters Information, which, underneath the Belief Ideas, is dedicated to integrity, independence, and freedom from bias.
(By Mike Dolan; Enhancing by Gareth Jones)
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By Mike Dolan
LONDON (Reuters) – What issues in U.S. and international markets right now
By Mike Dolan, Editor-At-Giant, Monetary Business and Monetary Markets
Bond markets creaked once more after the hammer got here down on a lukewarm sale of 20-year U.S. Treasuries on Wednesday with President Donald Trump’s sweeping tax and spending invoice clearing a vital hurdle in a single day.
In right now’s column, I talk about how a long-standing pattern of U.S. companies appearing as cash-rich internet lenders may reverse because of elevated funding in AI and re-industrialisation efforts, doubtlessly creating new competitors for funds with ever-expanding U.S. authorities borrowing.
However now onto all of the market information.
At this time’s Market Minute
* U.S. President Donald Trump’s sweeping tax and spending invoice cleared a vital hurdle on Thursday, because the Home of Representatives voted roughly alongside social gathering traces to start a debate that may result in a vote on passage later within the morning.
* Overseas buyers might as soon as barely think about that China would invade neighbouring Taiwan, however with Donald Trump as president of america, many view it as a tail-risk situation they need to put together for, though they can not discover methods to take action.
* Shares and the U.S. greenback fell on Thursday, whereas longer-dated Treasury yields steadied close to their highest in 18 months as worries of a worsening fiscal outlook on the planet’s largest financial system remained on the high of buyers’ minds.
* Bitcoin rose to its highest degree on report on Wednesday, eclipsing the earlier excessive from January, as danger sentiment continues to enhance after final month’s tariff-induced selloff.
* Oil costs fell greater than 1% on Thursday following a report that OPEC+ is discussing a manufacturing enhance for July, stoking issues any potential enhance in international provide would exceed demand development.
* Photo voltaic farms are set for a report stretch of energy sector dominance in Germany after changing into the only largest era supply within the nation on the earliest level of the 12 months ever.
Hammer comes down
Markets concern the invoice will bake in elevated deficits and rising debt piles over the rest of the administration’s time period not less than. The proposed laws lifts the $36.2 trillion debt mountain by one other $3.8 trillion over the following decade, in response to the nonpartisan Congressional Funds Workplace.
Lawmakers have been because of vote once more to cross the measure later right now and ship it on to the Republican-led Senate, which might take weeks to behave. And it was not but clear whether or not Home Speaker Mike Johnson would safe the required help from his personal slim 220-212 seat Republican majority.
However bond markets are getting restive, because the poor 20-year public sale displayed. The U.S. 30-year yield reached 5.108%, its highest since October 2023, and the 20-year yield hit 5.126%, its highest since November 2023.
The 30-year ‘lengthy bond’ yield is now simply 7 foundation factors from 2023’s peaks. A break above that may put it at its highest because the 2007 banking crash unfolded – a shock which compelled the Federal Reserve to spend years in bond shopping for help.
Hassle on the lengthy finish of the Treasury market was mirrored in authorities bond markets all over the world, with Japan nonetheless grappling with surging ultra-long yields to report ranges too and Britain’s 30-year yield hitting its highest since April’s volatility.
Financial institution of Japan board member Asahi Noguchi mentioned on Thursday he noticed no want for the central financial institution to intervene within the bond market to stem current sharp rises in super-long yields, describing the strikes as “speedy however not irregular”.
Compounded by aggravated inflation readings and tariff-related worth issues, the debt worries unnerved inventory markets once more too. Wall Road inventory indexes fell again greater than 1% on Wednesday and markets in Asia and Europe have been all decrease earlier right now.
There was some respite from crude oil costs, nevertheless. U.S. benchmark retreated 1% after a report that OPEC+ is discussing a manufacturing enhance for July, stoking hypothesis that international provide might exceed demand development.
The greenback received a modest carry meantime as indicators from the G7 finance chiefs in Canada advised Washington held again from demanding the next yen in bilateral commerce talks with Japan, as some pre-meeting hypothesis had fretted about.
U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato issued a press release on Wednesday that the dollar-yen change fee at the moment displays fundamentals, a uncommon and express assertion on the prevailing market scenario.
Bessent and Kato “reaffirmed their shared perception that change charges must be market decided and that, at current, the dollar-yen change fee displays fundamentals”, the Treasury Division mentioned in a press release.
The considerably contradictory assertion additionally mentioned that they didn’t talk about international change ranges.
On Wednesday, South Korea’s gained rose sharply towards the greenback after a media report that Washington had demanded that Seoul provide you with measures to spice up the gained as a part of any commerce deal. The gained gave up most of these features right now, nevertheless.
Elsewhere, consideration was on worldwide enterprise surveys for Might. Composite readings for euro zone and Japanese companies confirmed exercise there unexpectedly slipping again into contractionary mode this month, due largely to recent weak point amongst service sector firms.
U.S. equivalents are due out later, together with weekly jobless numbers.
Be sure you take a look at right now’s column, which seems to be at potential rumblings in U.S. authorities debt markets from the attitude of home U.S. company demand for credit score going ahead.
Chart of the day
Longer-dated U.S. Treasury yields climbed once more after a $16 billion sale of 20-year bonds on Wednesday met lukewarm demand from buyers simply as Congress thrashed out the small print of Donald Trump’s fiscal invoice.
With long-term debt yields rising the world over, buyers are involved about mounting deficits, debt piles and tariff-related inflation dangers.
The New York Fed’s estimate of the 10-year time period premium – the compensation buyers demand for holding 10-year debt to maturity versus simply rolling over short-term securities – is near its highest in additional than a decade and virtually twice its 20-year common.
At this time’s occasions to observe
* U.S. weekly jobless claims (0830EDT), flash Might manufacturing surveys from S&PGlobal(0945EDT), Kansas Metropolis Federal Reserve Might manufacturing survey (1100EDT), April present dwelling gross sales (1000EDT); Canada April producer costs (0830EDT)
* U.S. Treasury sells 10-year inflation-protected securities
* G7 finance ministers and central bankers meet in Banff in Alberta, Canada
* New York Federal Reserve President John Williams and Richmond Fed President Thomas Barkin communicate; European Central Financial institution Vice President Luis de Guindos speaks; Financial institution of England Chief Economist Huw Tablet speaks
* U.S. company earnings: Analog, Autodesk, Copart, Deckers, Intuit, Ralph Lauren, Ross, Workday
Opinions expressed are these of the creator. They don’t mirror the views of Reuters Information, which, underneath the Belief Ideas, is dedicated to integrity, independence, and freedom from bias.
(By Mike Dolan; Enhancing by Gareth Jones)
By Mike Dolan
LONDON (Reuters) – What issues in U.S. and international markets right now
By Mike Dolan, Editor-At-Giant, Monetary Business and Monetary Markets
Bond markets creaked once more after the hammer got here down on a lukewarm sale of 20-year U.S. Treasuries on Wednesday with President Donald Trump’s sweeping tax and spending invoice clearing a vital hurdle in a single day.
In right now’s column, I talk about how a long-standing pattern of U.S. companies appearing as cash-rich internet lenders may reverse because of elevated funding in AI and re-industrialisation efforts, doubtlessly creating new competitors for funds with ever-expanding U.S. authorities borrowing.
However now onto all of the market information.
At this time’s Market Minute
* U.S. President Donald Trump’s sweeping tax and spending invoice cleared a vital hurdle on Thursday, because the Home of Representatives voted roughly alongside social gathering traces to start a debate that may result in a vote on passage later within the morning.
* Overseas buyers might as soon as barely think about that China would invade neighbouring Taiwan, however with Donald Trump as president of america, many view it as a tail-risk situation they need to put together for, though they can not discover methods to take action.
* Shares and the U.S. greenback fell on Thursday, whereas longer-dated Treasury yields steadied close to their highest in 18 months as worries of a worsening fiscal outlook on the planet’s largest financial system remained on the high of buyers’ minds.
* Bitcoin rose to its highest degree on report on Wednesday, eclipsing the earlier excessive from January, as danger sentiment continues to enhance after final month’s tariff-induced selloff.
* Oil costs fell greater than 1% on Thursday following a report that OPEC+ is discussing a manufacturing enhance for July, stoking issues any potential enhance in international provide would exceed demand development.
* Photo voltaic farms are set for a report stretch of energy sector dominance in Germany after changing into the only largest era supply within the nation on the earliest level of the 12 months ever.
Hammer comes down
Markets concern the invoice will bake in elevated deficits and rising debt piles over the rest of the administration’s time period not less than. The proposed laws lifts the $36.2 trillion debt mountain by one other $3.8 trillion over the following decade, in response to the nonpartisan Congressional Funds Workplace.
Lawmakers have been because of vote once more to cross the measure later right now and ship it on to the Republican-led Senate, which might take weeks to behave. And it was not but clear whether or not Home Speaker Mike Johnson would safe the required help from his personal slim 220-212 seat Republican majority.
However bond markets are getting restive, because the poor 20-year public sale displayed. The U.S. 30-year yield reached 5.108%, its highest since October 2023, and the 20-year yield hit 5.126%, its highest since November 2023.
The 30-year ‘lengthy bond’ yield is now simply 7 foundation factors from 2023’s peaks. A break above that may put it at its highest because the 2007 banking crash unfolded – a shock which compelled the Federal Reserve to spend years in bond shopping for help.
Hassle on the lengthy finish of the Treasury market was mirrored in authorities bond markets all over the world, with Japan nonetheless grappling with surging ultra-long yields to report ranges too and Britain’s 30-year yield hitting its highest since April’s volatility.
Financial institution of Japan board member Asahi Noguchi mentioned on Thursday he noticed no want for the central financial institution to intervene within the bond market to stem current sharp rises in super-long yields, describing the strikes as “speedy however not irregular”.
Compounded by aggravated inflation readings and tariff-related worth issues, the debt worries unnerved inventory markets once more too. Wall Road inventory indexes fell again greater than 1% on Wednesday and markets in Asia and Europe have been all decrease earlier right now.
There was some respite from crude oil costs, nevertheless. U.S. benchmark retreated 1% after a report that OPEC+ is discussing a manufacturing enhance for July, stoking hypothesis that international provide might exceed demand development.
The greenback received a modest carry meantime as indicators from the G7 finance chiefs in Canada advised Washington held again from demanding the next yen in bilateral commerce talks with Japan, as some pre-meeting hypothesis had fretted about.
U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato issued a press release on Wednesday that the dollar-yen change fee at the moment displays fundamentals, a uncommon and express assertion on the prevailing market scenario.
Bessent and Kato “reaffirmed their shared perception that change charges must be market decided and that, at current, the dollar-yen change fee displays fundamentals”, the Treasury Division mentioned in a press release.
The considerably contradictory assertion additionally mentioned that they didn’t talk about international change ranges.
On Wednesday, South Korea’s gained rose sharply towards the greenback after a media report that Washington had demanded that Seoul provide you with measures to spice up the gained as a part of any commerce deal. The gained gave up most of these features right now, nevertheless.
Elsewhere, consideration was on worldwide enterprise surveys for Might. Composite readings for euro zone and Japanese companies confirmed exercise there unexpectedly slipping again into contractionary mode this month, due largely to recent weak point amongst service sector firms.
U.S. equivalents are due out later, together with weekly jobless numbers.
Be sure you take a look at right now’s column, which seems to be at potential rumblings in U.S. authorities debt markets from the attitude of home U.S. company demand for credit score going ahead.
Chart of the day
Longer-dated U.S. Treasury yields climbed once more after a $16 billion sale of 20-year bonds on Wednesday met lukewarm demand from buyers simply as Congress thrashed out the small print of Donald Trump’s fiscal invoice.
With long-term debt yields rising the world over, buyers are involved about mounting deficits, debt piles and tariff-related inflation dangers.
The New York Fed’s estimate of the 10-year time period premium – the compensation buyers demand for holding 10-year debt to maturity versus simply rolling over short-term securities – is near its highest in additional than a decade and virtually twice its 20-year common.
At this time’s occasions to observe
* U.S. weekly jobless claims (0830EDT), flash Might manufacturing surveys from S&PGlobal(0945EDT), Kansas Metropolis Federal Reserve Might manufacturing survey (1100EDT), April present dwelling gross sales (1000EDT); Canada April producer costs (0830EDT)
* U.S. Treasury sells 10-year inflation-protected securities
* G7 finance ministers and central bankers meet in Banff in Alberta, Canada
* New York Federal Reserve President John Williams and Richmond Fed President Thomas Barkin communicate; European Central Financial institution Vice President Luis de Guindos speaks; Financial institution of England Chief Economist Huw Tablet speaks
* U.S. company earnings: Analog, Autodesk, Copart, Deckers, Intuit, Ralph Lauren, Ross, Workday
Opinions expressed are these of the creator. They don’t mirror the views of Reuters Information, which, underneath the Belief Ideas, is dedicated to integrity, independence, and freedom from bias.
(By Mike Dolan; Enhancing by Gareth Jones)
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By Mike Dolan
LONDON (Reuters) – What issues in U.S. and international markets right now
By Mike Dolan, Editor-At-Giant, Monetary Business and Monetary Markets
Bond markets creaked once more after the hammer got here down on a lukewarm sale of 20-year U.S. Treasuries on Wednesday with President Donald Trump’s sweeping tax and spending invoice clearing a vital hurdle in a single day.
In right now’s column, I talk about how a long-standing pattern of U.S. companies appearing as cash-rich internet lenders may reverse because of elevated funding in AI and re-industrialisation efforts, doubtlessly creating new competitors for funds with ever-expanding U.S. authorities borrowing.
However now onto all of the market information.
At this time’s Market Minute
* U.S. President Donald Trump’s sweeping tax and spending invoice cleared a vital hurdle on Thursday, because the Home of Representatives voted roughly alongside social gathering traces to start a debate that may result in a vote on passage later within the morning.
* Overseas buyers might as soon as barely think about that China would invade neighbouring Taiwan, however with Donald Trump as president of america, many view it as a tail-risk situation they need to put together for, though they can not discover methods to take action.
* Shares and the U.S. greenback fell on Thursday, whereas longer-dated Treasury yields steadied close to their highest in 18 months as worries of a worsening fiscal outlook on the planet’s largest financial system remained on the high of buyers’ minds.
* Bitcoin rose to its highest degree on report on Wednesday, eclipsing the earlier excessive from January, as danger sentiment continues to enhance after final month’s tariff-induced selloff.
* Oil costs fell greater than 1% on Thursday following a report that OPEC+ is discussing a manufacturing enhance for July, stoking issues any potential enhance in international provide would exceed demand development.
* Photo voltaic farms are set for a report stretch of energy sector dominance in Germany after changing into the only largest era supply within the nation on the earliest level of the 12 months ever.
Hammer comes down
Markets concern the invoice will bake in elevated deficits and rising debt piles over the rest of the administration’s time period not less than. The proposed laws lifts the $36.2 trillion debt mountain by one other $3.8 trillion over the following decade, in response to the nonpartisan Congressional Funds Workplace.
Lawmakers have been because of vote once more to cross the measure later right now and ship it on to the Republican-led Senate, which might take weeks to behave. And it was not but clear whether or not Home Speaker Mike Johnson would safe the required help from his personal slim 220-212 seat Republican majority.
However bond markets are getting restive, because the poor 20-year public sale displayed. The U.S. 30-year yield reached 5.108%, its highest since October 2023, and the 20-year yield hit 5.126%, its highest since November 2023.
The 30-year ‘lengthy bond’ yield is now simply 7 foundation factors from 2023’s peaks. A break above that may put it at its highest because the 2007 banking crash unfolded – a shock which compelled the Federal Reserve to spend years in bond shopping for help.
Hassle on the lengthy finish of the Treasury market was mirrored in authorities bond markets all over the world, with Japan nonetheless grappling with surging ultra-long yields to report ranges too and Britain’s 30-year yield hitting its highest since April’s volatility.
Financial institution of Japan board member Asahi Noguchi mentioned on Thursday he noticed no want for the central financial institution to intervene within the bond market to stem current sharp rises in super-long yields, describing the strikes as “speedy however not irregular”.
Compounded by aggravated inflation readings and tariff-related worth issues, the debt worries unnerved inventory markets once more too. Wall Road inventory indexes fell again greater than 1% on Wednesday and markets in Asia and Europe have been all decrease earlier right now.
There was some respite from crude oil costs, nevertheless. U.S. benchmark retreated 1% after a report that OPEC+ is discussing a manufacturing enhance for July, stoking hypothesis that international provide might exceed demand development.
The greenback received a modest carry meantime as indicators from the G7 finance chiefs in Canada advised Washington held again from demanding the next yen in bilateral commerce talks with Japan, as some pre-meeting hypothesis had fretted about.
U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato issued a press release on Wednesday that the dollar-yen change fee at the moment displays fundamentals, a uncommon and express assertion on the prevailing market scenario.
Bessent and Kato “reaffirmed their shared perception that change charges must be market decided and that, at current, the dollar-yen change fee displays fundamentals”, the Treasury Division mentioned in a press release.
The considerably contradictory assertion additionally mentioned that they didn’t talk about international change ranges.
On Wednesday, South Korea’s gained rose sharply towards the greenback after a media report that Washington had demanded that Seoul provide you with measures to spice up the gained as a part of any commerce deal. The gained gave up most of these features right now, nevertheless.
Elsewhere, consideration was on worldwide enterprise surveys for Might. Composite readings for euro zone and Japanese companies confirmed exercise there unexpectedly slipping again into contractionary mode this month, due largely to recent weak point amongst service sector firms.
U.S. equivalents are due out later, together with weekly jobless numbers.
Be sure you take a look at right now’s column, which seems to be at potential rumblings in U.S. authorities debt markets from the attitude of home U.S. company demand for credit score going ahead.
Chart of the day
Longer-dated U.S. Treasury yields climbed once more after a $16 billion sale of 20-year bonds on Wednesday met lukewarm demand from buyers simply as Congress thrashed out the small print of Donald Trump’s fiscal invoice.
With long-term debt yields rising the world over, buyers are involved about mounting deficits, debt piles and tariff-related inflation dangers.
The New York Fed’s estimate of the 10-year time period premium – the compensation buyers demand for holding 10-year debt to maturity versus simply rolling over short-term securities – is near its highest in additional than a decade and virtually twice its 20-year common.
At this time’s occasions to observe
* U.S. weekly jobless claims (0830EDT), flash Might manufacturing surveys from S&PGlobal(0945EDT), Kansas Metropolis Federal Reserve Might manufacturing survey (1100EDT), April present dwelling gross sales (1000EDT); Canada April producer costs (0830EDT)
* U.S. Treasury sells 10-year inflation-protected securities
* G7 finance ministers and central bankers meet in Banff in Alberta, Canada
* New York Federal Reserve President John Williams and Richmond Fed President Thomas Barkin communicate; European Central Financial institution Vice President Luis de Guindos speaks; Financial institution of England Chief Economist Huw Tablet speaks
* U.S. company earnings: Analog, Autodesk, Copart, Deckers, Intuit, Ralph Lauren, Ross, Workday
Opinions expressed are these of the creator. They don’t mirror the views of Reuters Information, which, underneath the Belief Ideas, is dedicated to integrity, independence, and freedom from bias.
(By Mike Dolan; Enhancing by Gareth Jones)
