Good Morning Traders! This Thursday we get the ECB's Economic Bulletin.
Here is what to expect.
Sentiment
The US benchmark oil price rose to $95 per barrel for the first time in more than a year as a result of a significant stockpile level reduction at the nation's main storage facility and an expanding worldwide supply gap.
According to a Bank of Japan assessment, the central bank's own policy to maintain low government debt yields may have contributed to the requirement for domestic corporations to give larger premiums to sell bonds from the previous year.
According to economists at Bank of America, whether investors believe the economy will keep growing and that the Federal Reserve will maintain interest rates high for longer will determine whether the yield on the 10-year Treasury reaches 5%.
The Chinese government is turning to deeper fiscal stimulus to boost economic development, which is putting pressure on the central bank to maintain lax funding conditions.
Amid worries about China's economy and rising US interest rates, emerging market currencies are on the verge of losing all of the gains made in 2023.
Docket
04:00 AM ET
Italian Consumer Confidence
Medfian Forecast 105.5 | Prior 106.5
ECB Publishes Economic Bulletin
Speakers
03;00 AM ET
ECB's Enria Speaks
03:45 AM ET
ECB's McCaul Speaks
04:15 AM ET
Riksbank's Floden Speaks
05:30 AM ET
BoE's Hauser Speaks
Good Luck Today Traders!
