Good Morning Traders! Half way through the week now, Wednesday brings us the Eurozone CPI Final numbers as well as comments from BoE's Gov. Bailey.
Here is what to expect from today's session.
Sentiment
White House and legislative officials will work harder to reach a framework deal that House Speaker Kevin McCarthy and Vice President Joe Biden may consider after the president returns from his shortened trip to Asia.
The Federal Reserve will need to continue raising interest rates, according to one of its more hawkish members, but four other officials emphasised the importance of monitoring the effects of their tightening so far.
Japan's economy grew faster than anticipated as pandemic regulations were further relaxed, which increased consumer spending. This result is likely to keep talk of an early election and potential central bank policy changes alive.
The two biggest cross-border internet brokerages in China have opted to take their trading platforms off of mainland app stores, signalling a stricter stance on capital outflows. After a brief comeback, China's home price growth decreased in April, highlighting the difficulties the sector is currently facing.
Docket
05:00 AM ET
Eurozone CPI MoM Final
Median Forecast 0.7% | Prior 0.9% | Range 0.7%/0.7%
Eurozone CPI YoY Final
Median Forecast 7.0% | Prior 7.0% | Range 7.0%/6.9%
Speakers
03:15 AM ET
ECB's de Guindos Speaks
ECB's de Cos Speaks
05:50 AM ET
BoE's Gov. Bailey Speaks
Good Luck Today Traders!
