Good Morning Traders! It is Thursday 27th of April today, as we have a quiet session preceding Friday's big data drops.
Here are some things to be aware of before today's session.
Sentiment
On Wednesday, Speaker Kevin McCarthy narrowly passed his debt ceiling bill through the House, scoring a politically significant victory that heightens the impasse with the White House over preventing a disastrous US default.
According to Goldman Sachs, the possibility that the Treasury Department will be in danger of a federal payments default as early as June has decreased due to a dramatic acceleration in US tax receipts.
According to experts, US bank stress would restrict credit by twice as much as Federal Reserve Chair Jerome Powell had predicted, sending the country's economy into recession.
In the first three months of the year, industrial enterprises in China saw their profits continue to shrink as a rise in manufacturing output was unable to counteract a further drop in pricing.
Following an almost 6% drop over the previous two days, oil prices stabilised as worries about sluggish demand persisted in the market.
Docket
04:00 AM ET
Italian Consumer Confidence
Median Forecast 105 | Prior 105.1 | Range 106.5/104.0
07:00 AM ET
Canadian Business Barometer
Prior 55.3
Good Luck Today Traders!
