Good Morning Traders! It is Friday, March 10th, the most substantial day in European markets this week, with UK GDP and German CPI data, among a myriad of other releases, dropping at 02:00AM ET.

Here are some things to look out for, ahead of the coming day.


After a decade of significant stimulus, the bank of Japan maintained its easing stance, bringing currency and bond yields lower, as governor Haruhiko Kuroda held his farewell meeting. The choice was made soon after the government officially selected Kazuo Ueda to succeed Kuroda in April.

For a second day, investors sought the protection of bonds as concerns over a collapse in bank stocks dampened risk sentiment and traders theorised that rate-hike bets had gone too far, too quickly.

The second-ranking official at the Bank of Canada reiterated that policymakers' approach on rates can differ from peers and that they need time to evaluate whether they have increased borrowing costs sufficiently to reduce inflation.

Oil was on track for its worst weekly decline since early February as the outlook for energy demand dimmed due to the possibility of further and possibly faster interest rate increases from the Federal Reserve.


2:00AM ET
UK GDP Estimate MoM
Median Forecast: 0.1% | Prior: -0.5% | Range: 0.6%/-0.2%

UK GDP Estimate YoY
Median Forecast: -0.1% | Prior: -0.1%

German HICP Final YoY
Median Forecast: 9.3% | Prior: 9.3% | Range: 9.3%/9.3%

German CPI Final YoY
Median Forecast: 8.7% | Prior: 8.7% | Range: 8.7%/8.7%


4:00 AM ET
ECB's Panetta Speaks on Digital Euro in Frankfurt.


Good Luck Today Traders!