What’s coming up in North American trade
Here’s a rundown on data schedule:
- 1230 GMT (8:30 am ET) Philly Fed
- 1230 GMT Initial jobless claims
- 1230 GMT Canada ADP employment
- 1345 GMT Markit services PMI
- 1345 GMT Markit manufacturing PMI
- 1400 GMT Existing home sales
- 1400 GMT Fed’s Williams
- 1700 GMT Fed’s Clarida
- 1830 GMT Fed’s Powell and Brainard
At this point, we all know how the market reacts to negative economic data (it’s ignored) but there’s a decent chance of a beat on the PMIs and the Philly Fed so I’m interested to see the market reaction to that. If it’s good, many of the recent ranges are likely to break.
