Good Morning Traders! This Tuesday, we get comments from BoE's Gov. Bailey testifying.
Here is what to keep in mind.
Reducing consumer prices is still a "critical challenge," according to Australia's central bank governor, even if interest rate hikes were resumed two weeks ago to keep inflation expectations in check.
For the first time in four months, China's yuan appreciated over its daily reference exchange rate, providing some relief from months of depreciation pressure as the dollar declined in value across the board.
Following Beijing's latest step to bolster the beleaguered real estate industry, Chinese officials started compiling a list of 50 real estate companies that would be eligible for financing. As a result, Chinese developers' bonds increased in value along with their shares.
According to those acquainted with the situation, Germany and Italy are judged to be somewhat complying with EU fiscal guidance, but France runs the risk of defying it.
A two-day increase in oil prices was attributed to rumours that OPEC+ members may decide to further reduce output limitations when they meet this weekend.
05:15 AM ET
BoE's Gov. Bailey Testifies
Good Luck Today Traders!