Good Morning Traders! This Wednesday we get UK CPI and Eurozone GDP data.
Here is what to be aware of.
Sentiment
The central bank of New Zealand held interest rates steady for a second consecutive meeting, but it hinted that it would need to hike them once more to control inflation.
With a stronger-than-expected yuan fixing and its largest injection of short-term cash into the financial system since February, the People's Bank of China took action to improve market confidence. Home prices in China fell for a second consecutive month in July, a further indication of the worsening real estate crisis that is straining the second-largest economy in the world.
Docket
02:00 AM ET
UK CPI YoY
Median Forecast 6.7% | Prior 7.9% | Range 7.1%/6.5%
UK Core CPI YoY
Median Forecast 6.8% | Prior 6.9% | Range 7.1%/6.7%
05:00 AM ET
Eurozone GDP QoQ Flash Estimate
Median Forecast 0.3% | Prior 0.3% | Range 0.3%/0.2%
Eurozone GDP YoY Flash Estimate
Median Forecast 0.6%| Prior 0.6% | Range 0.7%/0.6%
Good Luck Today Traders!
