Good Morning Traders! Half way through the week now, we get UK GDP as the headline figure for the session.

Here is what to expect.


- For the first time in 15 months, Fed policymakers are expected to suspend raising interest rates. However, they will continue to lean towards tightening, which suggests that increases could resume as early as next month.

- As experts strengthen their predictions that the central bank may slash interest rates to shore up a recovery that is waning, China's economy likely slowed down even more in May.

- According to analysts cited in Shanghai Securities News, China's central bank is anticipated to lower its key policy rate this week and implement other easing measures in the coming months, supporting the country's bond market with additional liquidity.

Since the government has delayed the debt ceiling until 2025 and the Federal Reserve is nearing the end of its rate-hiking cycle, money-market funds are already snatching up the Treasury's rising bill issuance, according to Laurie Brignac of Invesco.

- Oil largely maintained Tuesday's advance, which was supported by indications that China is moving into stimulus mode and a US plan to restock reserves.


02:00 AM ET
UK GDP Estimate MoM
Median Forecast 0.2% | Prior -0.3% | Range 0.4%/0.1%

UK GDP Estimate YoY
Median Forecast 0.5% | Prior 0.3%

UK GDP Estimate 3M/3M
Median Forecast 0.1%| Prior 0.1% | Range 0.2%/0.0%

UK Manufacturing Production MoM
Median Forecast -0.1%| Prior 0.7% | Range 0.7%/-0.5%

05:00 AM ET
Eurozone Industrial Production MoM
Median Forecast 0.9% | Prior -4.1%

Eurozone Industrial Production YoY
Median Forecast 0.7% | Prior -1.4%


07:25 AM ET
Germany's Economy Min. Habeck Speaks


Good Luck Today Traders!