Morning, Traders!
It is Wednesday the 28th of December, here are some things to keep in mind ahead of today's session.
Sentiment
The US dollar was mixed this morning, with a measure of its strength remaining relatively unchanged.
For the second session in a row, the Japanese yen led the losses. US treasuries rose slightly, reversing some of Tuesday's decline.
According to a summary of opinions from the December meeting that contributed to a weakening of the yen on Wednesday, the Bank of Japan's surprise move to double its yield cap was aimed at keeping stimulus on tap, not changing the policy trajectory.
In a sweeping overhaul of policies aimed at reviving Hong Kong's reputation as a global financial center, Hong Kong will scrap some of its last major covid rules, including gathering limits, vaccination checks, and testing for travelers.
As the country of 1.4 billion abandons its covid zero policy and prepares to reopen borders in early January, nations around the world are implementing or considering measures to test or restrict travelers from China.
Docket
8:55 AM ET
US Redbook YoY - Prior read of 7.6%
A sales-weighted of year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9.000 stores.
10:00 AM
US Pending Home Sales Change MoM for November - Median Forecast: -1% | Range: 1% / -3% | Prior -4.6%
1:00 PM ET
US sells $43 bln 5-Year Notes
Good luck!
