Good Morning Traders! This Thursday we see another quiet European Session.
Here is what to expect from today.
Sentiment
Bank of Japan Governor Kazuo Ueda continues to lay the groundwork for the country's first interest rate hike since 2007 with another series of remarks that strengthen the case for a move in the spring while not ruling out the less likely alternative of a boost in January.
In November, Japan's industries produced less while retailers sold more, highlighting the patchwork character of the economy's recovery from its summer downturn as the central bank attempts to determine when the country would be ready for its first interest rate hike since 2007.
According to many regional Federal Reserve bank surveys, US firms anticipate to hire fewer workers in 2024, limiting pay growth and cooling inflationary pressures.
The global debt market is on track to register its largest two-month gain on record, as traders increase their confidence that central banks around the world would cut interest rates next year.
For the first time in five years, the Federal Reserve's relentless campaign to withdraw liquidity from the financial system is restoring volatility to year-end trading in the overnight funding markets.
Docket
07:00 AM ET
Canadian Business Barometer
Prior -29.6
Good Luck today, Traders!
