Morning Juice – Europe Session Prep

Good Morning Traders! This Wednesday we see UK and German bond data and the UK CBI Orders.

Here is the sentiment for the day.

Sentiment

Japan’s exports increased more than predicted in January, delivering much-needed boost to the economy and leaving the door open for the Bank of Japan to discontinue its negative rate policy.

China’s two main stock exchanges vowed to tighten regulation of quantitative trading after blocking the accounts of a big fund for three days in an exceptionally punitive penalty.

Chancellor of the Exchequer Jeremy Hunt is contemplating ideas to encourage pension funds to increase their investments in UK assets, as part of the government’s efforts to improve economic development and support Britain’s faltering stock market. Hunt has £23 billion for UK tax cuts, according to Resolution calculations.

A recent conference of world leaders and military officials in southern Germany showed the widening gaps between the European Union and China over the bloc’s main security concern—the war in Ukraine.

Oil stabilised as investors juggled hints of lower supplies, heightened tensions in the Middle East, and a still-shaky demand outlook.

Docket

06:00 ET
UK CBI Orders
Median Forecast -27 | Prior -30 | Range -25 / -30

Speakers

08:00 ET
Fed’s Bostic Speaks

Good Luck today, Traders!