Morning Juice – Europe Session Prep
Daily Dose, EU

Morning Juice – Europe Session Prep

Good Morning Traders! This Wednesday we get UK GDP and Manufacturing Production data.

Here is what to expect for the day.


According to recent price statistics, Japan’s economy is making progress towards overcoming deflation, according to the government’s chief economist, as speculation grows about the Bank of Japan’s first interest rate hike in more than a decade.

According to Governing Council member Francois Villeroy de Galhau, there is broad agreement within the European Central Bank to begin cutting interest rates in the spring as the struggle against inflation is won.

Pierre Wunsch, a member of the European Central Bank’s Governing Council, emphasised that policymakers will eventually have to cut borrowing costs without being totally certain that inflation will return to the 2% target.

Australia’s household expenditure decreased in February, according to the country’s largest lender, as the Reserve Bank’s interest rate hike late last year weighed on consumer activity. Hedge funds are unwinding short positions.

Treasury futures bets are rapidly increasing, indicating that basis-trade holdings are reducing.


03:00 ET
UK Manufacturing Production MoM
Median Forecast 0% | Prior 0.8% | Range 0.8%/-0.5%

UK GDP Estimate YoY
Median Forecast -0.3% | Prior 0.0%

UK GDP Estimate MoM
Median Forecast 0.2% | Prior -0.1% | Range 0.3%/-0.2%

UK GDP Estimate 3M/3M
Median Forecast -0.1% | Prior -0.3% | Range 0.0%/-0.2%


ECB’s Jochnick Speaks

07:45 ET
ECB’s Cipollone Speaks


Good Luck today, Traders!