Good Morning Traders! This Thursday we get a quiet session with the ECB publishing their economic bulletin.
Here is what to expect from today.
Sentiment
President of the Federal Reserve Bank of New York, John Williams, stated that monetary policy is now tight enough to bring inflation back to the Fed's objective, but that policymakers should wait for more signs of inflation falling before decreasing interest rates.
China's central bank responded to yuan depreciation by setting its daily reference rate for the controlled currency at the largest gap to estimates since November.
In November, Australia's trade surplus increased to its biggest level in eight months, boosted by shipments of coal, pork, and grains, while imports fell as consumption plummeted.
Oil prices fell amid an unexpected surge in US stocks, overshadowing rising geopolitical worries in the Middle East.
US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move touted as a historic event for the roughly $1.7 trillion digital-asset market that will widen access to the largest cryptocurrency on Wall Street and beyond.
China's efforts to reduce risks from local government debt are likely to impact on economic development again this year, with a nationwide deleveraging push set to curtail expenditure on investment projects.
Docket
04:00 AM ET
ECB Publishes Economic Bulletin
Speakers
04:30 AM ET
ECB's Vujcic Speaks
Good Luck today, Traders!
