Good Morning Traders! It is the end of a big week for Europe, with a bigger day lined up for today's session.
Here is what to expect from the day ahead.
In order to avoid a disastrous US default, President Joe Biden and House Speaker Kevin McCarthy postponed their scheduled discussion on the debt ceiling for Friday.
The message that there would be more interest-rate increases to come was reinforced when President of the European Central Bank Christine Lagarde emphasised that efforts to reduce high inflation aren't over.
As a sign that the parties are making efforts to reduce tensions that have caused a breakdown in even the most basic communication, US National Security Advisor Jake Sullivan met with China's top diplomat for two days of what the White House called "substantive and constructive" conversations.
After falling for two days, oil rose as the US indicated it would begin replenishing the Strategic Petroleum Reserve after June, allaying growing concerns about weaker physical demand.
For the first time this year, the People's Bank of China is anticipated to forego its monthly liquidity injection as Beijing assesses the effects of earlier monetary support on the rebounding economy.
02:00 AM ET
UK GDP YoY Prelim
Median Forecast 0.2% | Prior 0.6% | Range 0.5%/0.1%
UK GDP QoQ Prelim
Median Forecast 0.1% | Prior 0.1% | Range 0.2%/0.0%
UK Manufacturing Production MoM
Median Forecast 0% | Prior 0% | Range 0.2%/-0.3%
02:45 AM ET
French HICP YoY Final
Median Forecast 6.9% | Prior 6.9% | Range 6.9%/6.9%
03:00 AM ET
Fed's Bowman Speaks
04:00 AM ET
ECB's de Guindos Speaks
05:15 AM ET
German Economy Min. Habeck Speaks
07:15 AM ET
BoE's Pill Speaks
Good Luck Today Traders!