Morning Juice – Europe Session Prep

Good Morning Traders! This Monday we get Swiss CPI, as well as comments from ECB’s Holzmann.

Here is what to expect for the day.

Sentiment

China will unveil its 2024 growth target and support strategy for the slowing economy during its annual political conference this week.

Chancellor of the Exchequer Jeremy Hunt proposed increased funds to boost the UK’s manufacturing industry ahead of his budget, which aims for long-term growth.

According to Kyodo, the Japanese government is considering declaring that the country’s economy has recovered from deflation.

Japan’s Nikkei 225 Stock Average rose above the crucial milestone of 40,000 for the first time, paving the way for more advances in its historic surge.

Japanese businesses increased investment in the fourth quarter of 2023, indicating that they were more optimistic than suggested in overall growth data for the period announced last month.

Oil remained around its highest level this year as OPEC+ extended its production curbs and efforts towards a cease-fire in Gaza faltered.

Docket

02:00 ET
Swiss CPI YoY
Median Forecast 1.1% | Prior 1.3% | Range 1.2%/0.6%

Swiss CPI MoM
Median Forecast 0.5% | Prior 0.2% | Range 0.7%/0.4%

Speakers

06:30 ET
ECB’s Holzmann Speaks

 

Good Luck today, Traders!