Morning Juice – European Session Prep

Good Morning Traders! This Thursday we get the BoE bank rate decision and Euro-Area Mfg PMI.

Here is what to expect from today.

Sentiment

The Federal Reserve held interest rates stable for a fourth consecutive meeting and signalled an openness to decreasing them, though Fed Chair Jerome Powell dashed investors’ hopes that reductions would begin in March.

One of Japan’s largest unions aims to push for salary increases beyond 6% in an attempt to spark a virtuous wage-price cycle that would allow the Bank of Japan to boost interest rates and strengthen the yen.

A private barometer of China’s manufacturing activity expanded for a third month in January, contrasting with weakness in official data, which has prompted further requests for government intervention.

The Pentagon has added China’s biggest memory chipmaker and a significant AI player to a list of corporations it accuses of assisting the Asian nation’s military, expanding a roster intended to alert allies about potential national security dangers.

President Xi Jinping postponed naming the date for an already delayed conference to outline out China’s longer-term economic ambitions, which is sure to disappoint already pessimistic investors.

According to a new study, US corporations showed increased optimism about the near-term business environment in China. However, many are still holding off on investments.

Oil edged higher after the biggest decline in three weeks on Wednesday as investors weighed the risks from any US retaliation to a deadly attack in Jordan against signs of robust American supply

Docket

03:55 ET
German Mfg PMI
Median Forecast 45.4 | Prior 45.4 | Range 45.5/45.2

04:00 ET
Eurozone Mfg PMI
Median Forecast 46.6 | Prior 46.6 | Range 46.8/46.5

04:30 ET
UK Mfg PMI
Median Forecast 47.3 | Prior 47.3 | Range 47.5/47.1

05:00 ET
Eurozone Unemployment Rate
Median Forecast 6.4% | Prior 6.4% | Range 6.5%/6.4%

Eurozone Core CPI YoY Flash
Median Forecast 3.2% | Prior 3.4% | Range 3.6%/2.9%

Eurozone CPI YoY Flash
Median Forecast 2.7% | Prior 2.9% | Range 3.1%/2.3%

07:00 ET
BoE Bank Rate
Median Forecast 5.25% | Prior 5.25% | Range 5.25%/5.25%

Speakers

04:15 ET
ECB’s Centeno Speaks

06:30 ET
ECB’s Lane Speaks

Good Luck today, Traders!