Morning Juice – Europe Session Prep

Good Morning Traders! This Thursdsay we get the IEA Monthly Report and comments from a number of ECB speakers.

Here is what to expect for the day.

Sentiment

Rengo, Japan’s largest umbrella body for labour unions, will host a media conference on Friday. The association will provide reporters with a count of annual salary negotiations. Rengo stated last week that its affiliated unions wanted an average wage increase of 5.85%.

Expectations that the yen will beat its peers this year have all but gone, with strategists instead projecting the currency to end 2024 within a few percent of where it started.

Australia will deliver further cost-of-living relief to people battling with sticky inflation and high interest rates, while pushing for a second budget surplus to bolster fiscal buffers, Treasurer Jim Chalmers said.

Oil gained the most in roughly five weeks after US crude stockpiles fell and Ukraine raided another Russian refinery.

Docket

05:00 ET
IEA Monthly Report

Speakers

05:30 ET
ECB’s Elderson Speaks

07:00 ET
ECB’s Schnabel Speaks

08:00 ET
ECB’s Knot Speaks

 

Good Luck today, Traders!