Good Morning Traders! It's the beginning of a new week for the European session.
Here is what to expect.
Sentiment
In June, China's consumer inflation rate declined to zero as factory-gate prices increased, highlighting the country's persistently weak demand and raising fears about the possibility of economic deflation.
For the first time since March, hedge funds have switched to an overall bearish dollar bet on the theory that the Federal Reserve is now nearing the end of its cycle of interest-rate hikes.
The US and China were able to limit economic harm from the two countries' escalating rivalry because to Treasury Secretary Janet Yellen's two-day meeting with top officials in Beijing.
After returning from a crucial trip to China where she sought to reassure officials that the US would not impede its biggest economic rival, US Treasury Secretary Janet Yellen struck a conciliatory but realistic tone.
Docket
04:30 AM ET
Eurozone Sentix Investor Confidence Index
Median Forecast -17.9 | Prior-17.0
Speakers
06:00 AM ET
Germany's Scholz Speaks
Good Luck Today Traders!
