North American Morning Briefing : Stock Futures -3-

10/11/2021 | 04:07am

USD/JPY may rise to 113.00 this week as recent gains in crude oil prices are likely to drive bond yields higher globally, although less sharply for Japan, Citi says. Unlike some other major central banks, the Bank of Japan is widely expected to maintain its ultralow interest rate policy for now. Reflecting the nature of trades driven by crude prices, oil producer Canada's currency has been rising especially sharply against the yen, Citi says. USD/JPY rises to 112.74, its highest level since December 2018, compared with 112.22 late Friday in New York.

Expected Major Events for Monday

06:00/JPN: Sep Preliminary Machine Tool Orders

08:00/ITA: Aug Industrial Production

14:00/US: Sep Employment Trends Index

23:01/UK: Sep BRC-KPMG Retail Sales Monitor

23:50/JPN: Sep Bank Lending

23:50/JPN: Sep Corporate Goods Price Index

All times in GMT. Powered by Kantar Media and Dow Jones.

Expected Earnings for Monday

Adamis Pharmaceuticals Corp (ADMP) is expected to report $-0.04 for 2Q.

Educational Development Corp (EDUC) is expected to report for 2Q.

FedEx Corp (FDX) is expected to report.

Fonar Corp (FONR) is expected to report for 4Q.

Perpetua Resources Corp (PPTA.T) is expected to report for 3Q.

Powered by Kantar Media and Dow Jones.

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

10-11-21 0607ET

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