Good Morning Traders! This Tuesday we get German Industrial Production.
Here is what to keep in mind.
Sentiment
The dollar fell when the RBA began hiking interest rates on Tuesday, as was largely expected. However, the action also signalled a greater barrier to more tightening.
September saw fresh signs of strengthening wage growth for Japanese workers, a phenomenon that the central bank will be watching carefully as it seeks further proof of rising wages that can sustain stable inflation before reducing stimulus.
Despite encouraging signals that pricing pressures are lessening, Federal Reserve Bank of Minneapolis President Neel Kashkari stated it is premature to declare success over inflation.
Local government debt in China is a structural issue, and associated dangers will eventually disappear – PBOC.
This week, US Treasury Secretary Janet Yellen and her Chinese colleague will meet in San Francisco for two days of talks.
Chief Economist Huw Pill of the Bank of England said that UK inflation will soon match global rates that are declining due to declining energy prices.
According to the Federal Reserve, US banks generally reported strict lending guidelines and low loan demand in the third quarter, yet both metrics showed some improvement over the previous three months.
Docket
02:00 AM ET
German Industrial Production MoM
Median Forecast -0.1% | Prior -0.2% | Range 1.0%/-1.2%
German Industrial Production SA YoY
Median Forecast -2.7% | Prior -1.75% | Range -1.2%/-3.2%
Speakers
02:45 AM ET
ECB's Kazaks Speaks
03:35 AM ET
ECB's de Guindos Speaks
Good Luck Today Traders!
