Good Morning Traders! This Thursday brings us McDondalds' earnings.
Here is what else to keep an eye out for.
Sentiment
The Federal Reserve started raising interest rates again, and Chair Jerome Powell hinted that there might be more increases in the future, stressing that it will depend on new data that has recently indicated a robust US economy.
As speculation persists that the Bank of Japan may alter its ultra-loose monetary policy, traders are increasing insurance against a rise in the yen.
Even as factory-gate deflation worsened and consumer spending slowed in June, China's industrial earnings nevertheless declined at a reduced rate.
As US crude inventories decreased and the Federal Reserve lifted rates to a 22-year high, oil prices rose, following increases in larger Asian equity markets.
Docket
02:00 AM ET
German GFK Consumer Sentiment
Median Forecast -24.8| Prior -25.4
04:00 AM ET
Italian Consumer Confidence
Median Forecast 107.3| Prior 108.6
Earnings
07:00 AM ET
McDonalds Q2 2023 Earnings
Est. EPS $2.78| Est. Rev. $6.27 bln
Good Luck Today Traders!
