Good Morning Traders! This Friday we get German Industrial Orders to round off the week.
Here is what to keep in mind.
Sentiment
According to Mary Daly, president of the Federal Reserve Bank of San Francisco, policymakers can maintain current interest rates as long as the economy, inflation, and the labour market remain weak.
The slower-than-anticipated wage increase for Japanese workers in August confirms the need for the Bank of Japan to hold off on normalising policy until there are more indications of labour market strength.
A former executive director in charge of monetary policy predicts that when the Bank of Japan board meets later this month, they will consider whether to modify both the yield curve management mechanism and forward guidance.
According to the country's central bank, an increasing number of Australian households are experiencing the beginnings of financial stress, although lenders are still in a strong position to absorb loan losses if necessary.
Worries about the state of the global economy clouded the outlook for demand, and commodities were shaken by a strengthening US dollar and an increase in bond yields. Oil was on track to have its largest weekly drop since March.
Docket
02:00 AM ET
German Industrial Orders MoM
Median Forecast 1.5% | Prior -11.7% | Range 6.0%/-2.0%
Good Luck Today Traders!
