Reply To: Traders Market Weekly: Oil Caps, Sanctions and Services

#48386
Truman
Participant

There is ongoing speculation that the Bank of England and the European Central Bank will shift down to 50-bp rate hikes. European Central Bank policymaker Knot said that underlying inflation trends are concerning but a recession in Q4 is not a foregone conclusion. However, ECB policymaker Kazimir said that the risk of a recession is on the rise.
Eurozone’s October Private Sector Loans 4.2% yr/yr (expected 4.5%; last 4.4%) and Loans to nonfinancials 8.9% yr/yr (last 8.9%)
U.K.’s November CBI Distributive Trades Survey -19 (expected 2; last 18)