Morning Juice – Europe Session Prep

Good Morning Traders! This Tuesday we get UK Unemployment data and German Inflation data.

Here is what to expect for the day.

Sentiment

According to BOJ Governor Ueda, there is some deterioration in nondurable goods consumption, but overall household morale is improving somewhat as cost-push inflation slows and pay expectations rise.

According to a survey, a narrow majority of Bank of Japan observers still expect the end of negative interest rates in April, but almost everyone says there is a chance it will happen next week.

Emerging-market assets rose higher, even as traders await US data to see how much progress policymakers are making fighting inflation ahead of the Federal Reserve’s next meeting.

Oil prices were steady ahead of a series of market updates and US inflation data, which might provide direction for prices that are trapped in a narrow range.

Docket

03:00 ET
UK Unemployment Rate
Median Forecast 3.8% | Prior 3.8% | Range 4.0%/3.7%

UK Employment Change SA
Median Forecast 25k | Prior 48k | Range 40k/-5k

German HICP Final YoY
Median Forecast 2.7% | Prior 2,7% | Range 2.8%/2.7%

German CPI Final YoY
Median Forecast 2.5% | Prior 2.5% | Range 2.5%/2.5%

UK Unemployment Change
Median Forecast 20.3k | Prior 14.1k

Speakers

04:00 ET
ECB’s Holzmann Speaks

07:00 ET
BoE’s Mann Speaks

Good Luck today, Traders!