Good Morning Traders!It is Wednesday the 26th of April, a steady day with the Riksbank rate and UK CBI Distributive trade to be expected.
Here are some things to keep in mind before today's session.
Despite severe divides among his own Republican ranks that threaten to derail the proposal, House Speaker Kevin McCarthy is pressing forward with a vote this week on his bill tying an increase in the debt ceiling to spending reductions.
Core inflation in Australia decreased in the first three months of 2023, giving the Reserve Bank more reason to believe that prices will continue to decline and making the argument for it to extend an interest-rate pause.
On Tuesday, the Chinese yuan dropped to its lowest level in over seven weeks when compared to the dollar, suffering from a double whammy of a strong dollar and investors being discouraged by its low carry.
US bank regulators were forewarned about the threat posed by the industry's rising unrealized losses months before Silicon Valley Bank and Signature Bank went under.
Interest-rate swaps are being used creatively by Japanese investors to attempt and extract some yield from the erratic global bond market.
02:00 AM ET
German GFK Consumer Sentiment
Median Forecast -28 | Prior -29.5 | Range -26.0/-29.5
02:45 AM ET
French Consumer Confidence
Median Forecast 81 | Prior 81 | Range 82/70
03:30 AM ET
Swedish Riksbank Rate
Median Forecast 3.5% | Prior 3%
06:00 AM ET
UK CBI Distributive Trades
Median Forecast 4 | Prior 1 | Range 10/-5
03:00 AM ET
ECB's Vujcic Speaks
03:30 AM ET
ECB's Enria Speaks
08:00 AM ET
ECB's de Guindos Speaks
Good Luck Today Traders!