Good Morning Traders! This Monday we get the BoE Consumer Credit, among UK Mortgage data.
Here is what to keep in mind.
Sentiment
September's Australian retail sales exceeded forecasts, which will probably bolster the central bank's belief that the country's economy can tolerate more interest rate rises.
The central bank of Japan began a two-day policy meeting right before the auction of two-year government notes in the country attracted the lowest bid-to-cover ratio since 2010. Bid-to-cover ratio decreased from 3.27 in the prior offering on September 28 to 3.045 now.
For the third time this year, China's central bank may lower the minimum amount of cash that lenders must retain in order to assist finance a last-minute surge of stimulus expenditure.
Israel expanded its ground offensive in Gaza as Prime Minister Benjamin Netanyahu faced criticism for his apparent failure to foresee the deadly strike by Hamas on October 7 and his refusal to take accountability for it.
Governing Council member Boris Vujcic stated that interest rate hikes by the European Central Bank are now complete.
Oil prices dropped as Israel sent troops to Gaza in a more circumspect manner than it had promised, adding credence to the theory that the violence may stay limited despite Iran's threats.
Docket
05:30 AM ET
BoE Consumer Credit
Median Forecast 1.4B | Prior 1.644B
Speakers
04:00 AM ET
ECB's Simkus Speaks
Earnings
07:00 AM ET
Mcdonald's Q3 2023 Earnigs
Est. EPS: $2.98 | Est. Rev $6.52B
Good Luck Today Traders!
