Good Morning Traders! Now half way through the week, we get UK and Eurozone CPI.
Here is what to be aware of.
Sentiment
Governor of the Bank of Japan Kazuo Ueda stated that the bank's decision to continue with ongoing monetary easing will require a change in how it views the stability of achieving its inflation objective.
Calculations based on a statement provided by the Ministry of Finance show that China's wide budget deficit increased to 3.44 trillion yuan ($477 billion) in the first half of this year.
The top financial officials from the largest developed and developing economies in the world were unable to agree on a plan that might be used to restructure the debt of struggling less developed countries.
Oil increased as a result of risk-on sentiment in broader markets and indications that Russia is enforcing its supply-cut commitment.
Docket
02:00 AM ET
UK CPI YoY
Median Forecast 8.2% | Prior 8.7% | Range 8.4%/8.0%
UK Core CPI YoY
Median Forecast 7.1% | Prior 7.1% | Range 7.2%/6.6%
05:00 AM ET
Eurozone CPI MoM Final
Median Forecast 0.3% | Prior 0.0% | Range 0.3%/0.3%
Eurozone CPI YoY Final
Median Forecast 5.5% | Prior 5.5% | Range 6.1%/5.5%
Earnings
07:15 AM ET
Goldman Sachs Q2 2023 Earnings
Est EPS $3.94 | Est. Rev. $10.463 bln
Good Luck Today Traders!
