Good Morning Traders! The end of a varied week for Europe, with a quiet Friday to finish it off.
Here is what to be aware of before starting the day.
A bipartisan agreement to prevent a disastrous US debt default is being prepared for votes in the coming days by House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer.
After cooling earlier in the year, Japan's inflation re-accelerated in April, presumably bolstering theories that the central bank could need to change its price outlook and moving the Bank of Japan one step closer to normalising policy.
As financial strains persisted in the banking system last week, borrowing from the Federal Reserve's backstop liquidity facilities increased, with loans outstanding from one of them reaching a new high.
In May, despite double-digit inflation, UK household confidence continued its quick comeback for a fourth month. The GfK consumer confidence index increased by three more points to minus 27, the greatest level since February 2022, just before the Russian invasion of Ukraine drove up oil and food prices dramatically.
In the face of diminishing expectations that the Bank of Japan will make an early adjustment to its yield-curve management strategy, the yen dropped to its lowest level this year against the dollar.
02:00 AM ET
German PPI MoM
Median Forecast | Prior -2.6%
German PPI YoY
Median Forecast | Prior | 7.5%
04:00 AM ET
ECB Publishes Economic Bulletin
05:45 AM ET
BoE's Haskel Speaks
Good Luck Today Traders!