Morning Juice – Europe Session Prep

Good Morning Traders! This Friday we get German GDP and IFO data.

Here is the sentiment for the day.

Sentiment

Three top Federal Reserve officials drove home the message Thursday that the US central bank is still on pace to cut interest rates this year—just not anytime soon.

In January, China’s housing prices fell at a slower rate for both new and existing units, marking the first signs of improvement in ten months

UK consumer confidence fell in February, indicating that households are not eager to spend despite mounting indicators that the economy has emerged from its short recession.

According to persons familiar with the situation, the US and China are contemplating additional measures to prevent a wave of developing market sovereign defaults. This is one of the most important attempts at economic collaboration in years between the opposing superpowers.

Docket

02:00 ET
German GDP Final YoY NSA
Median Forecast -0.4% | Prior -0.4% | Range  -0.4%/-0.4%

German GDP Final QoQ
Median Forecast -0.3% | Prior -0.3% | Range  -0.3%/-0.3%

04:00 ET
German IFO Expectations
Median Forecast 84 | Prior 83.5 | Range  85.2/83.0

German IFO Current Conditions
Median Forecast 86.8| Prior 87.0 | Range 88.3/85.7

German IFO Business Climate
Median Forecast 85.5  | Prior 85.2 | Range  86.5/84.4

Speakers

02:30 ET
BoE’s Greene Speaks

03:00 ET
ECB’s de Cos Speaks

04:20 ET
ECB’s Schnabel Speaks

05:00 ET
ECB’s Nagel Speaks

 

Good Luck today, Traders!