Morning Juice – Europe Session Prep

Good Morning Traders! This Monday we get Eurozone CPI Final reads.

Here is what to expect for the day.

Sentiment

Some 90% of BoJ watchers perceive the risk of authorities terminating the negative rate on Tuesday at the meeting’s conclusion, with that likelihood strengthened when the nation’s largest union group revealed first.

China’s factory output and investment expanded faster than predicted at the start of the year, as Beijing aims for an ambitious annual economic growth rate of approximately 5%.

Oil prices stabilised after the greatest weekly gain in a month, as Ukrainian attacks on Russian facilities raised geopolitical concerns.

Goldman Sachs now expects the Bank of Japan to raise interest rates for the first time since 2007 at its meeting on Tuesday, following higher wage results and a number of news pieces in recent days indicating a move is in the works.

Bond investors who were once persuaded that the Federal Reserve will start decreasing interest rates this week are slowly submitting to a higher-for-longer reality and a confusing route ahead for the market.

Docket

06:00 ET
Eurozone CPI YoY Final
Median Forecast 2.6% | Prior 2.6% | Range 2.6%/2.6%

Eurozone CPI MoM Final
Median Forecast 0.6% | Prior -0.4% | Range 1.0%/0.6%

Speakers

06:15 ET
ECB Bank Supervisor Buch Speaks

 

Good Luck today, Traders!