power e trade s award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e trade from morgan stanley. power e trade s easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e trade from morgan stanley. time now for business and for that let s bring in cnbc s arabile gumede who joins us live from london. stock futures down this morning. a lot of red as we look ahead to key inflation data due out this week. what should we expect from wall street today? yeah, so it is pretty much
and less people are able to get loans. even corporates owned commercial or industrial entities are really struggling to get loans at this point in time and that really is because higher interest rates have plagued the market. banks are not trying to give out loans just supposedly to almost anybody. they ve tightened their standards just a little bit more and are trying to say to people perhaps we do need to tighten up the credit market which will impact the economy. less spending means the economy doesn t grow as vividly as well. according to the survey, which is the senior loans officer opinion survey does point to 46% of banks tightening their loans to medium and large businesses in the first quarter versus just over 44% in the first quarter of last year. even though they ve tightened some of their requirements for loans, weaker demand is also plaguing the market. those higher interest rates
that nervous trading movement, right, you re getting out of this market at present there, john. it is negative across the board for now. that s the implied opener when it comes to the wall street market at present. it is on the back of the expectation then that recessionary fears could still plaguing the market. then also the yields going up a little bit as well today in the bond market, so you re seeing that kind of share the sentiment. as you know inflation data out tomorrow. we re expecting cpi or consumer price inflation numbers, if that continues to drop off perhaps it eases the need for the fed to hike interest rates. thursday we have producer price inflation. also that will be quite important for the fed at this point. so banks have raised their lending standards in the aftermath of three large bank failures this year, significant news. what sort of impact could this trend have on the economy in the coming months? well, it means that more less
power e trade s award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. whanchts is the outlook ahead for opening bell today? that s pretty much a mixed picture. it s an interesting one. we did see the wall street market sort of tip lower for the first time in a number of days. and that was a key signal that a sort of a break was indeed needed for this market picture.