Good Morning Traders! Half-way through the week, we get German IFO data and UK CPI data throughout the day.
Here is what else to expect.
Sentiment
A top lieutenant stated that there are no further meetings scheduled after Speaker Kevin McCarthy left the US Capitol late on Tuesday afternoon with a statement that the two parties had not yet reached an agreement to prevent the first-ever US default.
According to Bundesbank President Joachim Nagel, additional interest rate increases will be required by the European Central Bank to contain inflation.
According to a survey, Australia's chance of an economic slump increased in May since the Reserve Bank is anticipated to maintain high interest rates for a lengthy period of time in order to combat inflation.
As they create new measures to deal with an increasingly hostile economic environment, the US and the European Union are talking about collaborating closely to manage risks associated with investing in sensitive technologies in nations like China.
After Saudi Arabia warned short-sellers that 0PEC+ would cut output to support prices, oil surged for a third day.
Docket
02:00 AM ET
UK Core CPI YoY
Median Forecast 6.2% | Prior 6.2% | Range 6.6%/5.7%
UK CPI YoY
Median Forecast 8.2% | Prior 10.1% | Range 8.6%/7.7%
04:00 AM ET
German IFO Business Climate
Median Forecast 93.1 | Prior 93.6 | Range 94.5/91.8
German IFO Current Conditions
Median Forecast 94.7 | Prior 95.0 | Range 96.0/93.0
German IFO Expectations
Median Forecast 91.7 | Prior 92.2 | Range 93.1/90.0
Speakers
03:10 AM ET
RBA's Jacobs Speaks
05:30 AM ET
BoE's Bailey Speaks
Good Luck Today Traders!
