Good Morning Traders! This Monday we have a very quiet session on the cards, with the US Index Rollover.
Here is what to expect.
Sentiment
Following the longest weekly losing streak in five years, oil prices stabilised due to indications that supply may be beginning to exceed demand.
The high amount of immigration to New Zealand is unsustainable, and the government anticipates a slowdown. Senate negotiators reported that disagreements over US-Mexico border policy continue to impede long-term legislation to fund the US government, according to Prime Minister Christopher Luxon. Lawmakers are scheduled to depart Washington at the end of this week.
According to a CBS News/YouGov poll, President Joe Biden's support for Israel in its conflict with Hamas is offending at least one-third of Democrats as disapproval of his administration's policy intensifies.
With national elections approaching, Australian Prime Minister Anthony Albanese's government faces a daunting task in 2024 due to his rapidly declining support rating, which has been fueled by public dissatisfaction with issues ranging from immigration to inflation.
Docket
02:00 AM ET
Norwegian CPI YoY
Median Forecast 4.9% | Prior 4.0%
Speakers
05:30 AM ET
Germany's Scholz Speaks
Good Luck Today Traders!
