Good Morning Traders! It's the end of the week, following the BoE rate decision. This Friday brings us German Industrial Orders.
Here is what to be aware of.
Sentiment
The Australian central bank slightly lowered its predictions for economic growth and now expects inflation to return to its goal range of 2-3% by the end of 2025, indicating interest rates may stay high for longer.
Bond traders are on edge in case benchmark Japanese bond yields rise by another five basis points, as there is suspicion that this could lead to further central bank intervention in the market.
Public finance credits totaling billions of dollars have been downgraded by Fitch Ratings as a result of the rating agency's historic decision to remove the AAA rating from US government debt.
Docket
02:00 AM ET
German Industrial Orders MoM
Median Forecast -2%| Prior 6.4% | Range -1%/-4.5%
Speakers
07:15 AM ET
BoE's Pill Speaks
Good Luck Today Traders!
