Morning Juice – Europe Session Prep

Good Morning Traders
It is Thursday, the 26th September, here is what to expect for the day.

Sentiment

Adriana Kugler, the governor of the Federal Reserve, stated that she “strongly supported” the central bank’s decision to decrease borrowing costs by a half percent last week and that further rate cuts will be acceptable if inflation continues to decline as anticipated.

According to persons acquainted with the situation, China is thinking of giving its largest state banks up to $1 trillion yuan ($142 billion) in capital in order to strengthen their ability to sustain the faltering economy.

A short-term federal funding package was swiftly enacted by lawmakers on Wednesday, averting a politically disastrous government shutdown, before members fled Washington for the final stretch of the campaign ahead of the November election.

The Reserve Bank stated in a half-yearly assessment that while there are other areas of concern to the banking system, such as from China, the proportion of Australian borrowers experiencing severe financial stress is still very small, with the vast majority still able to cover their loans.

Following its biggest two-week decline, oil prices stabilised as rival factions in Libya managed to “compromise” over control of the OPEC member country’s central bank, allowing for a partial resumption of petroleum production.

Docket

03:30 ET
Swiss Interest Rate
Median Forecast 1.0% | Prior 1.25%b | Range 1.25%/0.75%

SNB Rate Statement

Speakers

04:00 ET
SNB Press Conference w/ Gov. Jordan

Good luck!