Good Morning Traders! It's the end of a long week for Europe and the beginning of earnings season!
Here is what to expect from the session.
Given that inflation is higher than anticipated, the Bank of Japan will likely change its yield curve management programme at its policy meeting this month, according to a former executive director at the bank. When the Bank of Japan examines the outlook later this month, it is expected to increase its inflation projection for this fiscal year ending in March from the current 1.8% to more than 2%, the Yomiuri newspaper writes without providing sources.
Governor of the Federal Reserve Christopher Waller stated that he anticipates the US central bank would need to increase interest rates twice more this year in order to reduce inflation to its target, however additional positive pricing data may prevent the need for the second increase.
Due to supply interruptions in Africa and a decrease in shipments from Russia, oil was expected to increase for a third consecutive week.
05:00 AM ET
Eurozone Trade Balance
06:15 AM ET
Blacrock Q2 2023 Earnings
EPS $8.42 | Rev. Est. $25.1 bln
06:50 AM ET
JPMorgan Q2 2023 Earnings
EPS $3.83 | Rev. Est. $39.34 bln
07:00 AM ET
Wells Fargo Q2 2023 Earnings
EPS $1.16| Rev. Est. $20.1 bln
08:00 AM ET
Citi Q2 2023 Earnings
EPS $1.32| Rev. Est. $19.3 bln
Good Luck Today Traders!