retail sales for october import prices for october industrial production  capacity utilization for october nahb housing index for november business inventories for september eia weekly petroleum status report canada housing starts for october canada cpi for october earnings from cisco systems target yellen meets chinas central bank governor as us seeks to repair ties with beijing missile that hit poland likely launched by ukraine in air defense western officials say china continues to relax covid measures even as local officials battle record cases stock futures rose on wednesday on continuing optimism the us has witnessed peak inflation with investors awaiting the next big data point via retail sales stocks are up six of the previous eight trading days after last weeks softerthanexpected consumer prices report and tuesdays weakerthanforecast factory gate prices data raised hopes that inflation has peaked and the federal reserve can consider being less aggressive in raising interest rates the tame us producer prices reading underpinned hopes that pipeline inflation pressure is easing and pulled bond yields lower again peel hunt said the sp 500 is up 116 from its 2022 closing low hit on october 12 but remains down 163 for the year to date in the face of the fed raising borrowing costs by 375 basis points in the space of just eight months consequently traders are always keen to hear what fed officials have to say john williams is due to speak at a treasury market conference at 950 am michael barr is set to testify on regulation at the house financial services committee at 10 am and christopher waller is down to talk on the economic outlook at 235 pm investors also will be eager to see how the us consumer is holding up in the face of high inflation and surging borrowing costs when retail sales for october are released at 830 am worries that a missile which hit poland on tuesday could spark a confrontation between moscow and nato are being shrugged off amid signs washington thinks the projectile may have been an errant ukrainian attempt to destroy incoming russian ordnance advance auto parts shares dropped 13 premarket after its earnings came in below analysts predictions and it lowered its adjusted pershare earnings forecasts for the year lulus fashion lounge stock fell 19 premarket after it lowered its forward guidance and said that its margins had been compressed carnival moved to refinance bonds due in 2024 as it commenced a private offering of 1 billion of senior notes due in 2027 carnival shares dropped 11 premarket estée lauder will acquire tom ford in a deal valued at roughly 28 billion building on a longstanding licensing agreement estée lauder shares slipped 32 premarket the dollar has dropped significantly this month but the pace of the falls could start to slow mufg said the dollar was initially hit hard by weakerthanexpected producer prices data demonstrating how the currency is highly sensitive to the us inflation outlook at present mufg said however it recovered quickly suggesting that the pace of the recent selloff could start to slow even as the currency remains on the defensive mufg noted that the dxy dollar index found good support just above the 10500 level morgan stanley expects treasury yields to move gradually lower over 2023 led by declining twoyear yields as the fed is likely approaching the end of its interest rate rising cycle a conclusion of the fed hiking cycle by the january meeting and moderating inflation alongside a soft landing for the us economy drive yields lower gradually morgan stanley it expects the fed to reach a terminal rate of 4625 by the january fomc meeting morgan stanley has forecast 10year yields trading around 375 by the middle of 2023 and around 350 by the end of 2023 oil prices were broadly steady in europe as worries over chinese demand outweighed supply concerns around the globe concerns around oil demand are still weighing on oil prices opec has cut its 2022 and 2023 demand growth forecasts by 100000 barrels a day in its monthly omr primarily on lower chinese demand spi asset management said this is despite the possibility of china soon easing covid19 restrictions something which has led other commodities higher metals prices were mixed in early london trading with nickelrecently down 1continuing to be volatile due to a lack of liquidity edward meir president of commodity research group said that 3100 lots of lme nickel were traded on tuesday compared with 17000 lots of copper with copper prices hardly moving despite the heavier volumes elon musk has pushed the rollout date for twitter incs upgraded subscription service to the end of the month after a fumbled deployment in the early days of the billionaires takeover of the socialmedia platform punting relaunch of blue verified to november 29th to make sure that it is rock solid mr musk said in a post on twitter tuesday in reference to twitters subscription service microsoft announces new harassment policies in response to internal review microsoft corp announced enhanced policies it said are meant to prevent sexual harassment and gender discrimination in response to an independent review that outlined areas where the software giant should improve the new policies made public tuesday along with a 50page report by the law firm that conducted the review followed an unexpected victory by activist shareholders last year when the companys annual investor meeting passed a proposal demanding greater disclosure around sexualharassment issues the former chief executive of dominos pizza inc is joining burger king parent restaurant brands international inc as its executive chairman and will take a stake in the company as it seeks to improve its operations patrick doyle an executive partner at investment firm carlyle group inc will buy 500000 company shares valued at around 30 million and take leadership of restaurant brands board immediately the company said wednesday mr doyle 59 years old will receive equity awards instead of a salary as he works with restaurant brands executives to improve its stock performance and equity value the company said yellen meets chinas central bank governor as us seeks to repair ties with beijing nusa dua indonesiatreasury secretary janet yellen held her first meeting with a top chinese economic official since house speaker nancy pelosis visit to taiwan as the biden administration works to restore communication lines and prevent a spiraling economic conflict with the worlds secondlargest economy ms yellen met with peoples bank of china gov yi gang for more than two hours on wednesday on the sidelines of a summit of the group of 20 major economies in bali indonesia they discussed the volatility in energy and commodity markets and the economic outlook for the two countries according to a us readout of the meeting the peoples bank of china called the exchange broad and constructive but didnt offer any further details londonthe uks annual rate of inflation rose to a fresh 41year high in october on surging energy prices but a government price cap on energy and a looming recession means any further increases to inflation in coming months are likely to be more modest consumer prices were 111 higher than a year earlier a faster rate of inflation than the 101 recorded in september and the highest since october 1981 the office for national statistics said wednesday nusa dua indonesiarussian president vladimir putin has signaled he is open to an extension of an initiative allowing grain exports from ukraine through the black sea that is due to expire this week turkish president recep tayyip erdogan said the black sea grain initiative is aimed at easing food shortages in the developing world by ensuring grain from wartorn ukraine can be shipped safely out of the countrys ports to world markets the deal agreed by turkey the united nations russia and ukraine is also aimed at facilitating russian exports of food and fertilizer after the countrys economy faced sanctions following the invasion of ukraine china continues to relax covid measures even as local officials battle record cases singaporea sevenfold surge in coronavirus infections over the past two weeks is testing chinas new policy of loosened measures that aim to reduce the impact of zerocovid restrictions on wednesday china reported almost 20000 new locally transmitted covid19 cases with infections recorded all over the country while below the peak in april when nine out of 10 cases nationwide were in shanghai the latest wave of infections has spread more widely with multiple regions battling their biggest outbreaks of the pandemic chinas jump in online retail sales in october triggered a surge in shares of some of the countrys largest internet companies but the party may not last fueled as it was by lockdowns and early shopping sales analysts say