Reply To: Traders Market Weekly: Geopolitics, ECB and Apple


British Prime Minister Truss announced that a fracking ban will be lifted and that household energy bills will be limited to GBP2,500 per annum for the next two years.
Germany is also expected to announce energy subsidies for households and businesses, though Germany’s economy minister said that subsidies can’t continue forever.
Germany’s Institute for Solid State Research forecast a recession for next year.
The European Central Bank is expected to announce a 75-bps rate hike at 8:15 ET, followed by ECB President Lagarde’s press conference at 10:15 ET.
France’s Q2 nonfarm payrolls 0.4% qtr/qtr (expected 0.5%; last 0.3%). July trade deficit EUR14.50 bln (expected deficit of EUR13.60 bln; last deficit of EUR13.10 bln). July Current Account deficit EUR5.30 bln (last deficit of EUR1.50 bln)
Swiss August Unemployment Rate 2.1% (expected 2.2%; last 2.2%)