Good Morning Traders!With the week now underway we continue the ECB Central Banking forum, with a myriad of speakers.
Here is what to expect.
Sentiment
By maintaining its daily reference rate for the controlled currency at a higher than anticipated level for a second day, China made another move to halt the yuan's decline.
Beijing earlier this year established a 5% economic growth target for China for 2023, and it is on track to meet that goal. Tuesday, Premier Li Qiang remarked. He also cautioned against world disintegration.
Premier Li of China predicts GDP growth in the second quarter to exceed IQ.
Oil prices stabilised as concerns about the demand outlook replaced earlier fears stemming from the brief armed rebellion in Russia.
In the next months, there will be a flood of new Treasury bills that will enter the market, but this is just the beginning of a wave of longer-term debt sales that will likely push bond yields considerably higher.
Early in July, US Treasury Secretary Janet Yellen will travel to Beijing for her first high-level economic discussions with her new Chinese counterpart, according to persons familiar with the itinerary.
Docket
04:00 AM ET
Italian Consumer Confidence
Median Forecast 105.5 | Prior 105.1
Speakers
04:00 AM ET
ECB's Lagarde Speaks
04:15 AM ET
BoE's Dhingra Speaks
04:30 AM ET
BoE's Tenreyro Speaks
05:30 AM ET
BoC's Kozicki Speaks
07:00 AM ET
ECB's Schnabel Speaks
Good Luck Today Traders!
