- European futures point to a higher opening to the session on the Old Continent
- Investor attention focused on Japanese yen and Ueda's hawkish comments
European index futures are pointing to a higher opening of today's cash session on the Old Continent, with DAX futures (DE30) trading just below the 15,800 point level. This is despite mixed trading during the Asia-Pacific session, with the Nikkei and Hang Seng losing on a daily basis and thus limiting the bullish momentum seen in other markets from the region.
Bank of Japan Governor Ueda commented over the weekend that he was focusing on a 'quiet exit' limiting monetary easing. The key point seems to be that the Governor openly mentioned an exit from negative interest rates for the first time, provided the data the Bank learns by the end of the year justifies such a move.
The economic calendar for today's session is modest, and the only noteworthy readings will be CPI data from the Czech Republic, the unemployment rate report from Turkey and Pill's speech from the BoE.
8:00 am BST - Czech Republic, CPI inflation for August. Expectations: 8.5% y/y. Previously: 8.8% y/y
8:00 am BST - Turkey, unemployment rate for July. Previously: 9.6% y/y
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09:00 am BST - BoE Pill
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