Good Morning Traders! It is another week for the European markets, gifting us a day full of ECB speakers, with German IFO data mid-way through.
Here are some things to keep in mind before today's session.
Sentiment
When asked if he already had the 218 Republican votes he needs, Speaker Kevin McCarthy evaded and declared that the House will adopt his $1.5 trillion debt-ceiling raise plan this week.
According to the Sankei newspaper on Sunday, without providing sources, the Bank of Japan intends to evaluate and investigate policies implemented over the previous several decades, beginning discussions as soon as at a two-day conference set for April 27 and 28 under newly-appointed Governor Kazuo Ueda.
Due to the market's undervaluation of the Federal Reserve's impending easing cycle, professional investors predict that the dollar will continue to fall from its two-decade highs reached last year.
With Asian markets warning of declining refining margins, the future for global demand remained uncertain as oil prices continued their sharp weekly slide.
Docket
04:00 AM ET
German IFO Business Climate
Median Forecast 93.3| Prior 93.3 | Range 94.4/92.0
German IFO Current Conditions
Median Forecast 96 | Prior 95.4 | Range 97.0/94.0
German IFO Expectations
Median Forecast 91.1 | Prior 91.2 | Range 93.4/90.0
Speakers
04:00 AM ET
ECB's Enria Speaks
04:35 AM ET
ECB's Villeroy Speaks
05:00 AM ET
ECB's Panetta Speaks
07:15 AM ET
ECB's Vujcic Speaks
07:20 AM ET
BoE's Breeden Speaks
Good Luck Today Traders!
