7:55 AM · 24 May 2024

Economic calendar: US durable goods orders and UoM sentiment

  • Futures point to lower opening of European cash session
  • Waller's speech, durable goods orders and UoM data in focus
  • The SEC officially approved applications 19b-4 to issue spot ETFs on Ethereum

The early part of this week's final trading session is shaping up to be a weak one. Downgrades in APAC markets driven by a higher-than-expected reading of PMI data from the US are also likely to be reflected in European trading, as evidenced by declines in index futures contacts from the Old Continent. In the markets, investors are reacting primarily to CPI data from Japan and the SEC's approval of spot Ethereum ETFs. 

Later in the day, investors' attention will turn to Waller's speech from the Fed, the durable goods orders report and UoM sentiment and inflation projection data.

Key macro events of today's session:

01:30 pm BST - US, durable goods orders. Forecast: -0.6% m/m. Previously: 0.9% m/m.

01:30 pm BST - Canada, retail sales for March. Forecast: -0.1% m/m. Previously: -0.1% m/m.

02:35 pm BST - US, Fed Waller speech.

03:00 - US, UoM sentiment. Forecast: 67.4; Previously: 77.2

 

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