Morning Juice – Europe Session Prep

Good Morning Traders! This Thursday we get German Unemployment data.

Here is what to expect for the day.

Sentiment

Federal Reserve Governor Christopher Waller said there is no rush to lower interest rates, emphasizing that recent economic data warrants delaying or reducing the number of cuts seen this year

Bank of Japan board members discussed the need to stay cautious at a policy meeting last week, where the bank ended its massive easing program with Japan’s first interest rate increase since 2007, according to a summary of opinions from the gathering

The US government had its credit score affirmed by S&P Global Ratings at AA+, the credit assessor’s second-highest ranking, even as the country continues to face fiscal challenges

Oil climbed to head for a solid quarterly gain on expectations OPEC+ supply cuts would tighten the global market

US Treasury Secretary Janet Yellen slammed China’s use of subsidies to give its manufacturers in key new industries a competitive advantage, at the cost of distorting the global economy, and said she plans to press China on the issue in an upcoming visit.

Docket

04:55 ET
German Unemployment Rate
Median Forecast 5.9% | Prior 5.9% | Range 5.9%/2.9%

German Unemployment Change SA
Median Forecast 10k | Prior 11k | Range 20.0k/0.0k

Speakers

05:00 ET
ECB’s Panetta Speaks

 

Good Luck today, Traders!