Good Morning Traders ! Today is Thursday the 8th of December, and today's session is a fairly quiet one but here are some things to look out for:
Sentiment:
The Federal Reserve has had limited success in taming sky-high inflation, but its monetary tightening campaign is having a significant impact on deflating asset bubbles that grew during the pandemic.
The first in-person negotiating round for an economic pact that the US hopes will strengthen Indo-Pacific trade links and counter China's influence in the region takes place this weekend in Australia, with Washington seeking progress on critical issues such as trade facilitation and agriculture.
According to Economists emerging markets will continue to grapple with sharply higher global rates, a war-driven spike in commodity prices, and spillovers from China's COVID zero policy in 2023.
Docket:
8:30 AM ET:
US Initial Jobless Claims: Forecast 230K, Prior 225k, Range 254K/210K
US Continued Jobless Claims: Forecast 1.618M, Prior 1.608M
10:30 AM ET
US EIA Natural Gas Ch. BCF: Forecast -31BCF, Prior -81BCF
11:30 AM ET
US Sells $45bln 4-Week Bills: b2c 3.43, hy 3.95%
4:45 PM ET
New Zealand Manufacturing Sales: Prior -4.9%
Speakers:
8:30 AM ET
Bidean Speaks
9:30 AM ET
SNB's Maechler Speaks
11:00 AM ET
ECB's Villeroy Speaks
12:45 PM ET
BoC's Dep. Gov. Kozicki Speaks
1:00 PM ET
ECB's President Lagarde Speaks
