Good Morning Traders it is the 2nd of March, the day of the ECB Meeting Minutes, and here are some things to look out for today.
Sentiment:
According to a person familiar with the situation, China's economy is recovering quicker than top authorities had anticipated as the COVID epidemic on reopening has been quickly contained. This suggests the government will hold off on implementing further stimulus measures this year.
According to permits for private homes, approvals to build new homes in Australia decreased by the most ever recorded in January, suggesting that the economy will continue to be negatively impacted by sluggish residential real estate investment.
Even as ongoing worries about rising interest rates sent wall street lower, oil ended a turbulent day higher as record US exports slowed inventory increases.
Docket:
4:00 AM
Italian Unemployment Rate - Median Forecast 7.8% | Prior 7.8% | Range 7.9%/7.7%
5:00 AM
Eurozone Core CPI YoY Flash Median - Forecast 5.3% | Prior 5.3% | Range 5.6%/5.1%
Eurozone CPI YoY Flash Median - Forecast 8.3% | Prior 8.6% | Range 8.6%/7.9%
Eurozone Unemployment Rate - Median Forecast 6.6% | Prior 6.6% | Range 2.8%/0.1%
Italian HICP Prelim - Median Forecast 9.5% | Prior 10.7% | Range 10.3%/8%
7:30 AM
ECB Meeting Minutes
Speakers:
7:30 AM
ECB's Schnabel Speaks at a money market contact group in Frankfurt.
