Good Morning Traders! It is a quiet end of the week, this Friday the 14th, with French HICP Final being the headline figure for the session.
Here are some things to be aware of before today.
As the real estate market strengthens, China is anticipated to grow its economy by about 5% this year, according to Governor Yi Gang of the People's Bank of China. Recent economic statistics in China are giving conflicting information on the recovery, casting uncertainty on the future for growth, and igniting discussion over whether Beijing needs to increase its support.
At least 40 billion yuan ($5.8 billion) in bond offerings are planned by China's megabanks, kicking off a significant funding drive to meet global capital needs by early 2025.
Following SVB's failure last month, banks lowered their borrowing from two Federal Reserve backup lending facilities for a fourth consecutive week as liquidity restrictions continued to loosen.
Supported by indications of a tighter global market and a falling dollar, oil was expected to rise for a fourth consecutive week.
02:45 AM ET
French HICP YoY Final
Median Forecast 6.6% | Prior 6.6% | Range 6.6%/6.6%
French HICP MoM Final
Median Forecast 0.9% | Prior 0.9% | Range 0.9%/0.9%
Good Luck Today Traders!