Good Morning Traders! It's a new week in the European session, and with it brings comments from ECB and UK speakers, as well as some German data.
Here is what to expect.
Sentiment
The National Development and Reform Commission of China will establish a new bureau to monitor and assess the state of the country's private economy, create and coordinate policies to foster its expansion, maintain regular contact with businesses, and aid in enhancing their global competitiveness.
Chinese stocks traded in Hong Kong rose on Monday as a result of the country's implementation of new property assistance policies, which include lowering down payments for purchasers and easing lending regulations in important cities.
According to Chancellor Jeremy Hunt, the UK government is still on course to fulfil its promise to halve record inflation this year and would take whatever steps are necessary to improve the country's failing schools.
On the anticipation that production reductions by OPEC+ leaders will compress the market, oil continued to rise and reached its highest level since November.
Two bond offerings in the last week demonstrate how European governments are increasingly looking to households to help them deal with the problems brought on by a high interest rate environment.
Docket
02:00 AM ET
German Exports MoM
Median Forecast -1.5% | Prior 0.1%
German Imports MoM
Median Forecast 0.5% | Prior -3.4%
06:00 AM ET
Eurozone Sentix Investor Confidence Index
Median Forecast -20 | Prior -18.9
Speakers
01:30 AM ET
Japan's PM Kishida Speaks
04:10 AM ET
UK's PM Sunak Speaks
07:30 AM ET
ECB's Elderson Speaks
Good Luck Today Traders!
