What’s coming up today
The coordinated global release of oil reserves today is currently making headlines, but certainly does not scare the oil market. WTI is down 25 cents to $ 76.50.
The real economy will return to center stage in the coming hours, and particularly the manufacturing sector as we head into the Thanksgiving holiday in the United States. The first is at 9:45 am ET (1445 GMT) with the Markit manufacturing PMI for November. The consensus is 59.0 versus 58.4. With that, there is the services PMI, which is forecast at 59.1 from 58.7 previously.
Fifteen minutes later, the Richmond Fed is expected to drop from +12 to +5.
The bond market continues to digest Powell’s renown with yields rising around 2 basis points across the curve. This will be tested at 1 p.m. ET with a 7-year US Treasury sale.
On the international calendar, we hear Beaudry of the BOC (1 p.m. ET) and De Guindos of the ECB (1:40 p.m. ET).
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