Morning Juice – Europe Session Prep

Good Morning Traders! This Thursday, we get French GDP data, as well as German Unemployment figures.

Here is what to expect for the day.

Sentiment

Bank of Japan Board Member Hajime Takata said in a lecture to local business leaders in Shiga, western Japan, that the established conviction among Japanese citizens that wages and inflation will not rise is at a juncture for a shift.

Australian retailers kicked off the new year on a good note, spurred by spending for big tennis and cricket competitions, with sales rebounding in January after a large decrease the previous month.

China barred a top-performing quant fund from the stock-index futures market and vowed greater monitoring of high-speed trading, widening a crackdown on computer-driven investment tactics that some have blamed for aggravating market volatility.

Congressional leaders secured a last-minute compromise to avoid a disruptive US government shutdown, setting up another fight with ultraconservatives, who quickly criticised the pact.

Japan’s factory output plummeted the most since the peak of the epidemic, clouding the recovery prospects for an economy in recession and testing the central bank’s resolve as it evaluates the possible timing of a widely anticipated interest rate hike.

Oil fell, trimming a monthly gain, as US oil stocks grew again and traders prepared to examine US data that could help frame expectations for monetary policy. The US Labour Department’s statistical division caused uncertainty on Wall Street this week with an email concerning a major component underlying the increase in January’s consumer price index.

Docket

02:45 ET
French GDP QoQ Final
Median Forecast 0% | Prior 0.0% | Range 0.1%/0.0%

French HICP YoY Prelim
Median Forecast 3.1% | Prior 3.4% | Range 3.4%/2.7%

03:55 ET
German Unemployment Rate
Median Forecast 5.8% | Prior 5.8% | Range 5.9%/5.8%

German Unemployment Change SA
Median Forecast 5k | Prior -2k | Range 25.0k/-5.0k

Good Luck today, Traders!