Morning Juice – Europe Session Prep
Good Morning Traders.
It is Monday the 10th of November. Here is what to look out for today.
Sentiment
The US Senate took a major step toward re-opening the government after a group of moderate Democrats broke with their party leaders and voted to support a deal to end the record- breaking shutdown. House Democrats at several points along the ideological spectrum are furious at their Senate colleagues for backing a funding bill to reopen the government without securing an extension to the Affordable Care Act tax credits. A record of policy discussions from the Bank of Japan’s latest board meeting signaled that the next interest rate increase could come as soon as December, matching the expectations of many market participants. Australia’s monetary policy is being challenged by an apparent lack of spare capacity in the economy. Reserve Bank Deputy Governor Andrew Hauser said, a week after policy makers signaled an extended interest-rate pause. China’s consumer prices unexpectedly increased in October, as holidays during the month boosted travel, food and transport demand – a pick-up many economists saw likely as fleeting. Federal Reserve Bank of New York President John Williams said financial strain among lower and middle-income Americans could threaten the US economy’s resilience, even as wealthier households benefit from a stock market boom, the Financial Times reported
Docket
04:00 ET
Eurozone Sentix Investor Confidence Index
Forecast: -4 | Prior: -5.4 | Range: 2 / -6
