Good Morning Traders! This Wednesday we get UK CPI data.
Here is what to keep in mind.
With one-year policy loans, China gave the banking sector its biggest liquidity infusion in over seven years, anticipating a spike in funding demand to support economic growth.
In the three months leading up to September, Australian salaries increased at their fastest rate in more than 14 years, hitting the Reserve Bank's predicted peak while still staying far below the rate of inflation.
During the summer, Japan's economy reversed course, underscoring the vulnerability of the nation's recovery and supporting the rationale for ongoing easing by the Bank of Japan and the recent economic package implemented by the government.
Treasury yields fell sharply and the US currency experienced its biggest one-year decline since traders increased their bets that the Federal Reserve will begin reducing interest rates by mid-2024 in response to weak inflation statistics.
Following record-breaking rate hikes in interest rates, the European Central Bank is optimistic that inflation will stabilise at its 2% target by 2025, according to Bank of France Governor Francois Villeroy de Galhau.
02;00 AM ET
UK CPI YoY
Median Forecast 4.7%| Prior 6.7% | Range 5.8%/4.5%
UK Core CPI YoY
Median Forecast 5.8% | Prior 6.1%| Range6.0%/5.5%
02;45 AM ET
French HICP YoY Final
Median Forecast 4.5% | Prior 4.5% | Range 4.5%/4.5%
06:30 AM ET
Target Q3 2023 Earnings
Est. EPS $1.47 | Est. Rev. $24.88B
Good Luck Today Traders!