Good Morning Traders! It is Thursday, the 30th March, the day we expect the ECB economic bulletin and German CPI numbers.
Here are some things to look out for ahead of today's session.
Sentiment
After recent signs of a revival, the Bank of England is fighting to control "extremely sticky" underlying pricing pressures in the UK, according to policymaker Catherine Mann.
According to Republican Representative Kevin Hern, when asked in a private conference with US lawmakers how much more the central bank will hike interest rates this year, Federal Reserve Chair Jerome Powell cited the most recent predictions showing they anticipate one more increase.
Notwithstanding the current worries about financial stability, Eurozone banks have not experienced a loss of deposits, according to Executive Board member of the European Central Bank Isabel Schnabel.
The present banking crisis that has generated market volatility is only posing a "limited" credit risk to the US sovereign, according to Moody's, however this might alter if the situation worsens.
After years of harsh Covid restrictions and growing US tensions, China Premier Li Qiang is aiming to regain global trust in the world's No. 2 economy in a high-profile address on Thursday.
The disruption to imports from a major port in Turkey was overshadowed by signs that American fuel demand may be lagging, keeping oil steady after its first decline in three sessions.
Docket
4:00 AM ET
ECB Economic Bulletin
Italian Unemployment Rate
Median Forecast 7.9% | Prior 7.9%
5:00 AM ET
Eurozone Consumer Confidence Final
Prior -19.2
8:00 AM ET
German CPI YoY Prelim
Median Forecast 7.3% | Prior 8.7%
German HICP YoY Prelim
Median Forecast 7.5% | Prior 9.3%
Best of luck today traders!
