Good Morning Traders! This Thursday we get the release of the ECB Economic Bulletin and Italian CPI.
Here is what to be aware of.
Sentiment
President Joe Biden limited US investments in China as part of an effort to limit the country's ability to build next-generation military and surveillance technology that could endanger US national security. China said it would "closely monitor the situation and vigorously defend our rights and interests."
Long-term Treasury rates were stable in Asia after dipping the previous day, as investors indicated renewed interest in 10-year paper.
Concerns about a possible escalation in hostilities between Russia and Ukraine outweighed the first increase in US crude stockpiles in four weeks, keeping oil near the highest level in nearly nine months.
Strikes at three major liquefied natural gas facilities in Australia might disrupt roughly 10% of global LNG exports, causing a new energy price shock in Asia and Europe.
Italy's banks are bearing the brunt of Prime Minister Giorgia Meloni's desire to appease the more populist parts of her right-wing government.
Docket
04:00 AM ET
ECB Economic Bulletin
Italian HICP Final YoY
Median Forecast 6.4% | Prior 6.4%
Good Luck Today Traders!
