Good Morning Traders! It is a fresh week in the European markets, starting it off slowly with Eurozone Industrial Production being the headline figure for the day.
Here is what to be aware of before the session gets underway.
Sentiment
To address budget discussions to prevent a default, President Joe Biden, House Speaker Kevin McCarthy, and other congressional leaders are scheduled to meet on Tuesday.
More long-term liquidity was added to the financial system by China's central bank for the sixth month in an effort to boost economic growth after many economic indicators showed the recovery's impetus was waning.
As worries about the US economy and China's slower-than-expected recovery weighed on the outlook, oil prices fell for a fourth straight day.
Onshore interest-rate swaps, which had a $3 trillion yearly turnover in the previous year, will be a new tactical option for international investors looking to trade China's reopening starting on Monday.
Docket
05:00 AM ET
Eurozone Industrial Production YoY
Median Forecast 1.9% | Prior 2.0% | Range 2.3%/2.1%
Eurozone Industrial Production MoM
Median Forecast -1.3% | Prior 1.5% | Range 1.2%/-4.3%
EU Economic Forecasts
Good Luck Today Traders!
