Good Morning Traders! It is Friday the 28th of April, giving us a packed session to cap off the week.
Here is what to be aware of before the day gets going.
Sentiment
According to Nikkei, without providing sources, the Bank of Japan intends to revise its policy rate forward guidance in light of the government's intentions to downgrade the coronavirus's classification.
As the Bank of Japan gets ready to announce its most recent inflation predictions during Kazuo Ueda's first monetary policy meeting as governor, inflation in Tokyo unexpectedly regained upward speed, suggesting a stronger-than-expected underlying price trend.
Speaker of the House Kevin McCarthy increased pressure on President Joe Biden and Democrats on Thursday to support the proposal that House Republicans enacted the day before across party lines in order to avert a debt ceiling catastrophe.
For the second week in a row, banks boosted their emergency borrowings from the Federal Reserve, highlighting the persistent stress in the financial system in the wake of a series of bank failures last month.
As part of its increased efforts to lessen its economic exposure to China, Germany is in discussions to restrict the shipment of chemicals to that country that are needed to produce semiconductors.
As slowdown worries in the US and Asia weighed on the forecast, oil was heading for a sixth consecutive monthly decrease, its longest run of such declines in more than eight years.
Docket
01:30 AM ET
French GDP QoQ Prelim
Median Forecast 0.2% | Prior 0.1% | Range 0.3%/-0.3%
02:45 AM ET
French HICP YoY Prelim
Median Forecast 6.7% | Prior 6.7% | Range 6.9%/6.4%
03:55 AM ET
German Unemployment Change SA
Median Forecast 8k | Prior 16k | Range 12k/-13k
German Unemployment Rate
Median Forecast 5.6% | Prior 5.6% | Range 5.7%/5.5%
04:00 AM ET
German GDP YoY NSA Flash
Median Forecast 0.8% | Prior 0.3% | Range 1.0%/0.3%
German GDP QoQ Flash
Median Forecast 0.2% | Prior -0.4% | Range 0.4%/-0.3%
Italian GDP Prelim YoY
Median Forecast 1.4% | Prior 1.4% | Range 2.6%/1.1%
Italian GDP Prelim QoQ
Median Forecast 0.2% | Prior -0.1% | Range 0.3%/-0.1%
05:00 AM ET
Eurozone GDP YoY Prelim Flash
Median Forecast 1.4% | Prior 1.8% | Range 1.7%/1.1%
Eurozone GDP QoQ Prelim Flash
Median Forecast 0.2% | Prior 0.0% | Range 1.0%/-0.1%
Speakers
04:00 AM ET
SNB's Chairman Jordan Speaks
Earnings
06:15 AM ET
Chevron Q1 23 Earnings
est EPS: $3.40 | est. Rev.: $47.40B
06:30 AM ET
Exxon Mobil Q1 23 Earnings
est. EPS: $2.63 | est. Rev.: $84.55B
Good Luck Today Traders!
