Morning Juice – Europe Session Prep
Good morning, Traders.
It is Tuesday, the 15th of October, here is what to expect for the day.
Sentiment
Chinese banks are expected to cut rates on 300 trillion yuan ($42.3 trillion) of deposits as soon as this week, according to sources familiar with the situation, as the latest onslaught of stimulus programs further strain their profitability.
Fed’s Kashkari said it is likely that further modest reductions in the central bank’s benchmark interest rate will be appropriate in the next quarters.
China may raise 6 trillion yuan ($846 billion) from ultra-long special government bonds over three years as part of its efforts to support the ailing economy, according to Chinese media.
Bitcoin is pushing ahead of stocks and gold this month, supported by mounting signals that the US regulatory outlook for the cryptocurrency sector would improve following the impending presidential election.
Events
4:00 ET
ECB’s Bank Lending Survey
Good luck!
