Good Morning Traders! This Thursday we get Euro-Area PMI data.
Here is what to expect from today.
Sentiment
Policymakers at the Federal Reserve agreed last month that it was reasonable to maintain a restrictive attitude "for some time," while conceding that they were likely at the peak rate and would begin decreasing in 2024.
The Federal Reserve is attempting to determine the best timing to begin deliberating on how it would withdraw itself from its balance sheet unwind, indicating that the end may be closer than originally anticipated.
Kazuo Ueda, Governor of the Bank of Japan, believes salaries and inflation would rise in a balanced manner this year. Ueda says in a brief statement at a new year conference in Tokyo that the BOJ will be fully prepared to support the financial system following the earthquake in northwestern Japan earlier this week.
Government bond yields in China plummeted to their lowest level in more than three years as bets on further monetary easing increased in response to dismal economic data.
Oil prices moved higher on Thursday, after rising more than 3% on Wednesday, as supply interruptions in Libya and attacks in the Middle East heightened tensions in the crucial crude-producing region.
Docket
02:45 AM ET
French HICP YoY Prelim
Median Forecast 4.1% | Prior 3.9% | Range 4.3%/4.0%
03:55 AM ET
German Services PMI Final
Median Forecast 48.4 | Prior 48.4 | Range 48.5/48.4
German Composite PMI Final
Median Forecast 46.7 | Prior 46.7 | Range 46.7/46.7
04:30 AM ET
UK Services PMI Final
Median Forecast 52.7 | Prior 52.7 | Range 52.9/52.5
UK Composite PMI Final
Median Forecast 51.7 | Prior 51.7 | Range 51.9/51.7
Good Luck today, Traders!
