Good Morning Traders! This Monday we get German IFO data to start off the week.
Here is what to expect.
Sentiment
In order to get demands like conservative border policies into the federal budget, Representative Matt Gaetz, a major Republican holdout on a stopgap spending plan, said he's prepared for a multiday US government shutdown.
After experiencing recent setbacks that increase the likelihood of liquidation, China Evergrande is running out of time to complete what would be one of the greatest restructurings in the country's history.
As Rishi Sunak considered whether to cut short a landmark rail project that may cost the UK £100 billion ($123 billion), he was met with mounting resentment from industry executives, MPs from all political parties, and even a significant benefactor.
A new policy paper revealed that Australia is looking at a "broader definition" of full employment and wants to fill up data gaps about the labour market as the government gets ready to change the central bank's mandate.
Oil rose for a second day as hedge funds increased their wagers that tighter supplies will cause the rally to get up again following a break last week.
Australian authorities stated in a quarterly statement that a deeper economic downturn in China will mostly be felt in Australia through lower trade and decreased risk appetite in the financial markets.
Docket
04:00 AM ET
German IFO Business Climate
Median Forecast 85.2 | Prior 85.7 | Range 86.1/83.5
German IFO Current Conditions
Median Forecast 88 | Prior 89 | Range 89.3/86.5
German IFO Expectations
Median Forecast 83 | Prior 82.6 | Range 84.0/81.0
Speakers
01;30 AM ET
BoJ's Ueda Speaks
03:00 AM ET
ECB's Villeroy Speaks
04:00 AM ET
Germany's Steinemer Speaks
Good Luck Today Traders!
