Good Morning Traders! It is Tuesday the 9th of May, another quiet one, in which we get UK Halifax House Prices data.
Here is what to be aware of before today's session.
Sentiment
If the country meets its 2% price target, according to Bank of Japan Governor Kazuo Ueda, the central bank would abandon its yield curve management programme.
Despite worries about high interest rates and declining economic growth rates, China's exports increased in April, indicating that there is still a strong worldwide demand.
Real earnings for Japanese employees continued to decline in March, a weaker-than-expected outcome for pay that Prime Minister Fumio Kishida and the Bank of Japan are closely monitoring.
As part of its effort to take action against corporations that are supplying Russia with prohibited goods, the European Union is pitching member states on a new set of penalties that, for the first time, would extend stringent trade bans to many Chinese enterprises.
Oil managed to hold the most of a two-day increase as Canadian wildfires cut supplies, assuaging worries about weak global fuel demand.
Docket
02:00 AM ET
UK Halifax House Prices MoM
Median Forecast | Prior 0.8%
UK Halifax House Prices YoY
Median Forecast | Prior 1.6%
Speakers
02:00 AM ET
ECB's Rehn Speaks
04:00 AM ET
ECB's Lane Speaks
06:10 AM ET
BoE's Mutton Speaks on CBDC
06:50 AM ET
German Economy Min. Habeck Speaks
Good Luck Today Traders!
