Good Morning Traders! This Tuesday we get German HICP data, as well as UK Unemployment data.
Here is what to expect from today.
Sentiment
Oil slipped lower as fresh turbulence in the Red Sea and a US cold snap affecting output was offset by a milder tone in global markets.
It is the year of the soft landing and interest rate cuts, which will boost global GDP and markets. So states the optimistic common wisdom about the world economy in 2024.
Australia's consumer confidence fell in January, as families remain concerned about their finances after a series of quick interest rate hikes.
The Bank of Japan is expected to be encouraged by better annual salary negotiations that will pave the way for the end of its negative interest rate by this spring, according to a former BoJ executive director in charge of monetary policy.
Docket
02:00 AM ET
UK Unemployment Rate
Median Forecast 4.2% | Prior 4.2%
UK Unemployment Change
Median Forecast 18.1k | Prior 16.0k
German HICP Final YoY
Median Forecast 3.8% | Prior 3.8% | Range 3.8%/3.8%
German CPI Final YoY
Median Forecast 3.7%| Prior 3.7%| Range 3.7%/3.7%
Earnings
07:30 AM ET
Goldman Sachs Q4 2023 Earnings
Est. EPS $4.14 | Est. Rev. $10.84B
Morgan Stanley Q4 2023 Earnings
Est. EPS $1.07 | Est. Rev. $12.75B
Good Luck today, Traders!
