Good Morning Traders! This Tuesday we get Eurozone CPI Final data,
Here is what to expect from today.
Sentiment
According to a statement, the Bank of Japan retained its short-term rate at -0.1% and maintained its yield curve control parameters in a unanimous decision at the end of a two-day meeting. Policy advice was remained unaltered, with no specific allusions indicating the possibility of a rate increase.
Australia's central bank pondered raising interest rates two weeks ago before determining that the case for staying put was "stronger," while also signalling that it is prepared to tighten further if inflation does not return to target in a timely manner.
Tiff Macklem, Governor of the Bank of Canada, stated that he intends to begin decreasing interest rates next year, but that he must first witness several months of persistent downward momentum in core inflation.
Shipping in the Red Sea is halting, with oil tankers idle and container ships rerouting around Africa, as violence linked to the Israel-Hamas conflict threatens to destabilise the global economy.
Docket
05:00 AM ET
Eurozone CPI YoY Final
Median Forecast 2.4% | Prior 2.4% | Range 2.6%/2.4%
Eurozone CPI MoM Final
Median Forecast -0.5%| Prior 0.1% | Range -0.5%/-0.6%
Speakers
03:00 AM ET
ECB's Simkus Speaks
04:00 AM ET
ECB's Kazimir Speaks
05:00 AM ET
ECB's Vujcic Speaks
08:00 AM ET
BoE's Broadbent Speaks
Good Luck Today Traders!
