U.S. equity markets are expected to open slightly higher on Tuesday following a flat and rather slow start to the week. A rare piece of good news for the UK this morning as the Bank of England announced that all banks passed its stress tests for the first time since the financial crisis.
Chinese data shrugged off as equity markets edge slightly lower; sterling under pressure as pressure on May mounts; central banks event sees Fed, ECB, BoJ and BoE heads join panel discussion; German GDP and inflation data get us off to an underwhelming start.
Investors remain in reflection mode as the quiet week continues; NZD edges higher as RBNZ acknowledges the inflationary impact of weaker currency; Chinese inflation beats expectations but remains below target; Brexit talks resume but is anyone optimistic at this point?
The EUR continues to decline as Draghi avoids offering new clues; will traders be as receptive to Yellen commentary as the term comes to an end? Traders eye Governor Stephen Poloz's comments for BoC rate clues.