Good Morning Traders! This Thursday brings us German PPI data and the Turkish Weekly Repo Rate.
Here is what else to expect.
Sentiment
China increased its support for the controlled currency by providing a stronger-than-anticipated reference rate and changing its capital controls to entice inflows, which caused the yuan to rise.
Less than a quarter of Bank of Japan observers now anticipate a change in the bank's yield curve control in July, a further delay of their expectations for a change in policy.
As officials evaluate the economy's recovery, Chinese banks maintained their benchmark lending rates steady on Thursday in line with the central bank's decision earlier this week.
As lenders exit earnings blackout periods, Morgan Stanley added to the recent wave of bank bond sales in the US investment-grade market on Wednesday.
Docket
02:00 AM ET
German PPI MoM
Median Forecast -0.4% | Prior -1.4%
07:00 AM ET
Turkish Weekly Repo Rate
Median Forecast 18.5% | Prior 15.00%
Speakers
03:00 AM ET
ECB's Villeroy Speaks
Earnings
07:00 AM ET
American Airlines Q2 2023 Earnings
EPS Est. $1.59 | Rev. Est. $13.73 bln
Good Luck Today Traders!
