Good Morning Traders! With the week underway, Tuesday brings us little except German imports and exports.
Here is what else to expect.
Sentiment
As the board evaluates the economic effects of its more than one-year-long tightening cycle, Australia's central bank held its benchmark interest rate constant on Tuesday, but it also left the door open for future increases.
In an effort to intensify its trade conflict with the US and Europe over technology, China placed export limits on two metals that are essential to the semiconductor, telecommunications, and electric car industries.
According to persons familiar with the situation, China's largest state banks are extending loans for local government financing vehicles with extremely long maturities and temporary interest relief to prevent a credit crunch amid rising stress in the $9 trillion debt market.
As markets evaluated the latest attempt by OPEC+ leaders Saudi Arabia and Russia to support prices by reducing production, oil climbed marginally.
Docket
02:00 AM ET
German Imports MoM SA
Median Forecast -0.2%| Prior -1.7%
German Exports MoM SA
Median Forecast 0.5% | Prior 1.2%
German Trade Balance SA
Median Forecast 17.5B | Prior 18.4B
Good Luck Today Traders!
