Market Focus: US Banks' View on Credit Squeeze and Biden-McCarthy Meeting
Markets are waiting for the Federal Reserve's Senior Loan Officer Opinion Survey to see how much lending has tightened given the strife in US regional banks. The Bank of England is likely to hike rates a quarter point to 4.5% later this week, while futures are priced for a further move to 4.75%. This week also sees Chinese data on inflation and trade, while G7 finance ministers meet in Niigata, Japan, from Thursday through Saturday.