Good Morning Traders! This Monday we get German IFO data.
Here is what to expect from today.
Sentiment
President Austan Goolsbee of the Federal Reserve Bank of Chicago said it is too early to declare victory in the central bank's inflation war, and that interest-rate choices will be based on incoming economic data.
The Bank of Japan is generally expected to maintain the world's last negative interest rate on Tuesday, with investors looking for signs on whether – and when – officials would abandon the programme next year.
Support for Japanese Prime Minister Fumio Kishida plunged to new lows in surveys conducted after he reshuffled his cabinet to address a funding crisis that threatens his government's future.
Oil climbed for the first time since late October when major shipping lines banned transit through the Red Sea, emphasising the threat to the critical conduit for world crude commerce.
Docket
04:00 AM ET
German IFO Expectations
Median Forecast 85.6 | Prior 85.2 | Range 89.8/84.8
German IFO Current Conditions
Median Forecast 89.5| Prior 89.4 | Range 90.2/86.0
German IFO Business Climate
Median Forecast 87.7 | Prior 87.3 | Range 89.0/85.5
Speakers
05:30 AM ET
BoE's Broadbent Speaks
05:45 AM ET
ECB's Vujcic Speaks
07:00 AM ET
ECB's Wunsch Speaks
Good Luck Today Traders!
