📆 Tuesday, July 18
► All major US indices ended higher on Monday despite a weak opening into the week after disappointing Chinese economic data. In pre-market trading, US futures remain steady as investors look forward to bank earnings, expecting Morgan Stanley and Bank of America to present less optimistic results.
► US retail sales data due later (12:30 UTC +0) are being closely watched as an indicator of consumer health. Canadian June CPI data is also being closely monitored.
► Treasury Secretary Janet Yellen assures that the US is on the right path to control inflation without significantly affecting job numbers.
► Longer-term bond bets might gain popularity as the Federal Reserve is expected to conclude the current rate hike cycle.
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