Good Morning Traders! It is Thursday the 20th of April, another quiet day, with ECB Meeting Minutes releasing before the US Session.
Here are some things to be aware of before kicking off the day.
Sentiment
While the banking industry has stabilised following the second-largest bank failure in US history, according to Federal Reserve Bank of New York President John Williams, the recent stress may make it harder for individuals and businesses to acquire credit.
Commercial lenders in China held steady their benchmark lending rates on Thursday as the country's central bank refrained from loosening monetary policy this month while the economy recovered.
People with knowledge of the situation say that Bank of Japan policymakers are reluctant to modify or abandon their yield control stimulus at a policy meeting next week so soon after the international banking crisis clouded the outlook.
In advance of the House of Representatives voting on the Republican proposal next week, US Speaker Kevin McCarthy submitted a package that would increase the US debt ceiling for approximately a year while reducing federal expenditure.
For the third time in four days, oil prices fell as fresh indications of a US slowdown masked a significant reduction in crude stocks.
Docket
02:00 AM ET
German PPI MoM
Median Forecast -0.6% | Prior -0.3% | Range 0.4%/-4.0%
05:00 AM ET
Eurozone Trade Balance
Prior -11B
07:30 AM ET
ECB Meeting Minutes
Speakers
07:30 AM ET
ECB's de Cos Speaks
Good Luck Today Traders!
