Morning Juice – Europe Session Prep

Good Morning Traders! This Friday we get French HICP and the BoE inflation attitudes survey.

Here is what to expect for the day.

Sentiment

Japan’s main union group will unveil the most heavily scrutinised salary figures in decades on Friday, numbers that may be strong enough to prod the central bank into hiking interest rates for the first time since 2007.

China drained cash from the banking system with a medium-term liquidity instrument for the first time since November 2022, extending its cautious approach to using monetary policy to help development and demonstrating its commitment to maintain the yuan.

China’s economic activity was most likely uneven at the start of the year, with property continuing a key drag, raising questions about the country’s ability to gather pace and meet an ambitious growth target of roughly 5%.

Oil held around a four-month high after the International Energy Agency estimated a supply deficit through 2024, altering its previous projection of a surplus, on the assumption that OPEC+ maintains output cutbacks.

Docket

03:45 ET
French HICP YoY Final
Median Forecast 3.1% | Prior 3.1% | Range 3.1%/3.1%

05:30 ET
BoE Inflation Attitudes Survey

Speakers

05:35 ET
ECB’s Vujcic Speaks

 

Good Luck today, Traders!