Good Morning Traders! This Tuesday brings us German CPI and UK unemployment data.
Here is what else to expect.
Sentiment
By extending relief measures for financially stressed developers through next year, China increased support for its struggling real estate market.
In May, US consumer borrowing declined to a level that was below that of the previous two years, marking the first drop in non-revolving credit since the start of the pandemic.
Top state-run financial journals in China published articles on Tuesday indicating the potential adoption of more property-friendly regulations as well as steps to increase corporate confidence.
Joachim Nagel, a member of the Governing Council, believes that the European Central Bank can reduce inflation without seriously harming the economy.
According to France's central bank, fewer businesses are boosting prices, and some are even lowering them, which is reducing the country's inflationary pressures.
Docket
02:00 AM ET
German CPI Final YoY
Median Forecast 6.4% | Prior 6.4% | Range 6.4%/6.3%
German HICP Final YoY
Median Forecast 6.8% | Prior 6.8% | Range 7.0%/6.6%
UK Unemployment Change
Median Forecast 20.5k | Prior-13.6k
UK Unemployment Rate
Median Forecast 3.8% | Prior 3.8% | Range 4.0%/3.7%
05:00 AM ET
German ZEW Current Conditions
Median Forecast -62 | Prior -56.5 | Range -43.6/-68.8
German ZEW Economic Sentiment
Median Forecast -10.5| Prior -8.5 | Range 0.0/-20.0
Speakers
04:00 AM ET
ECB's Villeroy Speaks
Good Luck Today Traders!
