Morning Juice – Europe Session Prep

Good morning, Traders!

Here’s what to look out for the session ahead.

Sentiment
The kiwi dropped after New Zealand inflation forecasts dropped to the lowest level in 2.5 years, reducing pressure on the central bank to raise interest rates further. The US dollar edged higher ahead of a key US inflation data due.

2 AM ET
(Jan) UK Unemployment Change Forecast 15.2k Previous 11.7k, Range 30k|0k
(Dec) UK Average Earnings (Ex-Bonus) Forecast 6%, Previous 6.6%, Range 6.1%|5.5%
UK Average Weekly Earnings YoY Forecast 5.6%, Previous 6.5%, Range 6%|5.4%
UK Employment Change Forecast 50k, Previous 73k, Range 100k|-33k
UK Unemployment Rate Forecast 4%, Previous 4.2%, Range 4.3%|3.9%

5 AM ET
(Feb) German ZEW Economic Sentiment Forecast 17.3, Previous 15.2, Range 21|14
German ZEW Current Conditions Forecast -79, Previous -77.3, Range -72|-82.7

UK 10 Yr Linker Bid-to-Cover Previous 3.04
UK 10 Yr Linker Yield Previous 0.423%

Italian 3 Yr BTP Bid-to-Cover Previous 1.48
Italian 3 Yr BTP Yield Previous 3.03%

5:30 AM ET
German 5 Yr Bobl Bid-to-Cover Previous 2.1
German 5 Yr Bobl Yield Previous 2.12%

6:55 AM ET
Coco-Cola Q4 2023 Earnings
EPS Est. 49c, Rev Est. $10.65 Bln

7 AM ET (tentative)
OPEC Monthly Report