Things To Look Out For Today - Events & Data (Ldn Times)

Asia:
22:30pm    - Nzd Business NZ Manuf. PMI
00:50am    - Japan Money Stock M2 and M3
01:30am    - Aud RBA Financial Stability Review


Europe:
05:30am    - Nth Retail Sales
07:00am    - Fin CPI
07:00am    - Ger CPI
09:00am    - Itl CPI
10:30am    - ECB's Mersch attends conference in Luxembourg
15:15pm    - ECB's Constancio attends panel in Washington
19:10pm    - BOE's Saporta Speaks in Washington


US
13:30pm    - US CPI
13:30pm    - US Retail Sales
13:30pm    - Fed's Rosengren Opens Conference on Monetary Policy
15:00pm    - US U. of Mich.
15:00pm    - US Business Inventories
15:25pm    - Fed's Evans Speaks on Economy and Monetary Policy
16:30pm    - Fed's Kaplan Speaks in Boston


Market focus this Morning...
-Stocks retreat from record highs as earnings season kicks into full gear. The major indexes hit intraday records before closing lower as earnings season kicked into full gear, with JPMorgan Chase and Citigroup reporting results.
-Finishing off this week's series of long-term securities auctions, the Treasury Department sold $12 billion worth of thirty-year bonds on Thursday, attracting above average demand. The thirty-year bond auction drew a high yield of 2.870 percent and a bid-to-cover ratio of 2.53.
-U.S. government debt yieldswere lower Thursday, as investors digested the latest minutes from the Federal Reserve as well as  latest Fed speeches.
-Boston Fed's Eric Rosengren: Stocks are fully priced at these levels "Something we must consider is how much prices are likely to go up if we don't continue the path of raising rates gradually."
-German Finance Minister Schaeuble said a soft-Brexit is the way to minimise damage to Britain and Europe.
-Handelsblatt reported that EU Brexit Minister Barnier will offer the UK a two-year transition stay in the EU market, providing they meet all their existing EU obligations.
-ECB President Mario Draghi said the ECB are looking very intensely at wages and the labor markets, and while there are seeing some pressure on wages, it is not enough.
-Fed Governor Brainard said temporary headwinds for US inflation now look more persistent and they have seen a reduction in underlying trend rate of inflation that is material.
-According to the FT, EU leaders will approve internal discussions on a post- Brexit relationship with the UK next week, but refuse to start talks with Britain until further progress is made on its divorce settlement.
-St Louis Fed Governor Bullard said they should defend the inflation target or risk losing credibility. He added that hiking rates as inflation falls risks a policy mistake.