Good Morning Traders! A new week in Europe kicks off with a quiet session.
Here is what to expect from the session.
Sentiment
With consumer spending slowing noticeably in June, China's economy expanded less quickly than anticipated in the second quarter, raising concerns about the recovery.
The Chinese central bank reduced the amount of medium-term policy loans it injected while maintaining a measured level of liquidity support for the faltering economy.
The Federal Reserve's policymakers are prepared to start raising interest rates again this month and are still open to boosting them further in the coming months.
The US should seek to further "de-escalate" relations with China, according to Treasury Secretary Janet Yellen, while it would be premature to lift the tariffs the Trump administration has placed on the country.
As a key Libyan field started producing again and there were indications that US interest rates would increase sooner than expected, oil fell for a second day.
Docket
02:00 AM ET
ECB Research Bulletin
04:00 AM ET
Italian HICP Final YoY
Median Forecast 6.7% | Prior 6.7%
Speakers
04:15 AM ET
ECB's Lagarde Speaks
04:30 AM ET
ECB's Lane Speaks
Good Luck Today Traders!
