Key Global Events

Opinions remain divided on the possible recession that could hit the United States. Continued interest rate hikes to combat inflation seem to be seeing an end after the latest data showed a cooling of price pressures.

The sharply inverted yield curve has fueled fears in markets of a looming recession. Goldman Sachs told investors not to worry, given the latest data, the Fed could cut rates effectively avoiding a recession.

Retail sales drop to 0.2 % on a monthly basis compared to a forecast of 0.3 %.

European stock markets reverse and continue the session below par. Milan's FTSE MIB -0.09%, Paris' CAC -0.05%, Madrid's IBEX -0.39%, London's FTSE -0.03%.
Coming up a red opening on Wall Street as U.S. futures show. Dow Jones -0.04%, S&P500 the -0.10% and the Nasdaq +0.21%.

Forex & Commodities

Eyes on next week's macro data with the Fed and ECB meetings. The dollar remains stable around 99.85. The euro trades around 1.1231 (-0.04%). Sterling gains 0.05% to 1.3079. Among commodities, oil trades around 74.25 (+0.20%). Gold remains stable around 1965 dollars an ounce (+0.47%).

Index

Asian stock markets traded in mixed territory. Tokyo's benchmark Nikkei 225 index closes at 32,493, up 0.32%. China's Hang Seng index trades around 19,015.72 (-2.05%).

Global Macroeconomic Data
US -  In the evening at 10:30 pm U.S. crude oil inventories will be released.
GBP - At 6:30 p.m. the vice president of the central bank of England will hold a press conference.