Good Morning Traders! This Monday we get a very quiet session with a handful of speakers dotted in.
Here is what to keep in mind.
Sentiment
A top Reserve Bank official stated on Monday that Australia's inflation rate is "still too high" and that the process of getting it back down to target would probably take longer than it did initially.
The rate of increase in producer prices in Japan slowed down in October more than anticipated, reaching its lowest level in more than two years, confirming the Bank of Japan's assessment that inflation is declining.
Despite a new compromise plan by Speaker Mike Johnson that excludes hardline conservative demands like cutting spending and restricting immigration, the US is still at risk of a government shutdown at the end of this week.
President of the European Central Bank Christine Lagarde stated (after London closes on Friday) that authorities will reevaluate hiking borrowing costs if necessary, but maintaining the 4% deposit rate should be sufficient to control inflation.
Docket
07:30 AM ET
OPEC Monthly Report
Speakers
03:15 AM ET
ECB's de Guindos Speaks
04:00 AM ET
Germany's Steinmier Speaks
06:55 AM ET
BoE's Breeden Speaks
Good Luck Today Traders!
