Jerome Powell from Fed under the spotlight
A tense week on the economic front is emerging, with the Federal Reserve's beige book coming out on Wednesday, and the widely watched figures for unemployment on Friday.
And to prepare the scene, Fed Chairman Jerome Powell will speak shortly after commencement of trade today.
Powell will speak at 4:45 pm, presenting an opening speech to the Chicago Federal Bank's Conference on Monetary Policy Strategy, Tools and Communication Practices.
Other Fed members will also be speaking during the day
New York Fed President John Williams will make an opening speech at the New York Building Capital Capital in the Financial Services Industry: Emerging Practices, Risks and Opportunities
Decrease in factory orders is expected
Latest data on factory orders will be the most closely watched economic indicator in the calendar today.
The sales department will report factory orders in April at 17:00.
On average, economists predict that factory orders fell 0.9 percent in April.
The figures follow the lowest monthly ISM Manufacturing PMI for two and a half years, which was released last night.
Breakfast with Tiffany's (Revenue Report)
Luxury retailer Tiffany (NYSE: TIF) will report on its quarterly earnings today before the start of the US Session.
Analysts expect the company to earn $ 1.02 per share on sales of about $ 1 billion, according to consensus estimates. Both will be lower than the previous one.
Shares rose by more than 11% in 12 months but fell by about 5% over the past three months.
In addition to the figures, investors will look for some idea of what is happening with Chinese luxury consumers, given the background of the commercial battle.
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