Good Morning Traders! This Wednesday we expect comments from a number of ECB speakers.
Here is what to expect from today.
Sentiment
Australia's monthly inflation gauge moderated for the second straight month in November, in a favourable outcome that strengthens the case for the Reserve Bank to maintain interest rates steady next month.
In November, headline salary growth for Japanese workers slowed dramatically, an unhappy situation for the Bank of Japan, which is seeking evidence of a virtuous cycle tying pay gains to price increases as a prerequisite for normalising monetary policy.
Oil nudged higher, after climbing around 2% on Tuesday, on signals that US stocks are continuing to fall, and as an official prediction pointed to a tiny global shortfall this year.
With approximately 14% of Canadian mortgage holders ready to renew their loans this year, the CEOs of the country's largest banks say they are convinced that the accompanying interest-rate hikes would neither crush clients or lead to a wave of defaults.
Docket
02:45 AM ET
French Industrial Production MoM
Median Forecast 0% | Prior -0.3%
Speakers
03:20 AM ET
ECB's de Guindos Speaks
Good Luck today, Traders!
