Good Morning Traders! This Thursday we get the ECB Interest Rate Decision.
Here is what to keep in mind.
Shunichi Suzuki, Japan's finance minister, says he continues to be extremely cautious when observing changes in the currency market.
While the fight to restrain consumer price increases is ongoing, European Central Bank President Christine Lagarde expressed optimism that prices can return to 2%.
Reserve Bank Governor Michele Bullock stated on Thursday that Australia's third-quarter inflation data was "pretty much where we thought," which caused government bond yields and the value of the currency to decline.
According to a senior Bank of Canada official, interest rates can be lowered by the central bank before inflation hits the 2% target.
After rising on Wednesday amid indications that Israel will launch a ground assault of Gaza, oil prices steadied, raising fears that the conflict would worsen and endanger energy supplies.
08:15 AM ET
ECB interest Rate
Median Forecast 4.5%| Prior 4.5%| Range 4.5%/4.5%
ECB Deposit Rate
Median Forecast 4.0%| Prior 4.0%| Range 4.0%/4.0%
ECB Rate Statement
06:00 AM ET
UPS Q3 2023 Earnings
EPS $1.52| Est. Rev $21.51B
08:00 AM ET
Mastercard Q3 2023 Earnings
EPS $3.23| Est. Rev $6.53B
Good Luck Today Traders!