Good Morning Traders! This Wednesday we get a very quiet European session.
Here is what to expect from today.
Sentiment
During their meeting last week, Bank of Japan board members discussed the prospective timing of ending the negative rate policy, with several members expressing that they are not in a haste to make the change.
China's industrial profits surged in November, aided by favourable year-ago comparisons and a slew of stimulus measures aimed at reviving an economy plagued by deflationary fears.
US raids on targets in Iraq, as well as new Houthi militant attacks on shipping in the Red Sea, have supplied the latest warning signs that the Gaza conflict could escalate into a wider battle that destabilises the Middle East.
Oil gained the most in more than a week on escalating Middle Eastern tensions, with a new attack on shipping in the Red Sea prompting vessels to avoid the major shipping route.
Buyers flocked to the US Treasury auctions on Tuesday, hoping to lock in higher yields as the market prices in an aggressive course of Fed interest-rate cuts in 2024.
Docket
04:00 AM ET
Swiss ZEW Expectations
Prior -29.6
Good Luck today, Traders!
