Good Morning Traders! This Wednesday we get UK Mfg PMI Final data.
Here is what to keep in mind.
Sentiment
The finance ministry's top currency official in Japan stated that authorities are prepared to take action if necessary. Masato Kanda informed media on Wednesday that "we're on standby." "However, I am unable to predict what we will do or when. We will make decisions overall, and we are acting quickly."
The Bank of Japan, which on Tuesday further relaxed its hold on yields in a policy decision, announces unplanned bond-purchase operations to stifle yield advances.
The central bank of China withdrew funds from the financial system, indicating that it views the sharp increase in short-term borrowing prices on Tuesday as a transient disturbance.
According to a private survey, China's manufacturing activity unexpectedly decreased in October, indicating that the economic recovery is gaining traction and putting pressure on officials who are attempting to support development.
In light of the robust economic growth, the Federal Reserve is prepared to maintain interest rates at a 22-year high at its next meeting, though it may raise them again as early as December.
After falling the first two days of the week, oil prices rose as focus shifted to worldwide demand due to the ongoing Israel-Hamas conflict.
Docket
05:30 AM ET
UK Mfg PMI Final
Median Forecast 45.2| Prior 45.2 | Range 45.4/45.2
Good Luck Today Traders!