Morning Juice – Europe Session Prep
Daily Dose, EU

Morning Juice – Europe Session Prep

Good Morning Traders! This Friday we get German Industrial Orders.

Here is what to expect for the day.


Asian shares sank on Friday, mirroring US equities, as interest rate uncertainty and geopolitical worries dampened optimism.

Oil continued advances on growing tensions in the Middle East, blowing beyond the $90-per-barrel level in the previous session.

Bank of Japan Governor Kazuo Ueda hinted at an interest rate hike in the second half of 2024 in an interview with local media, citing the prospect of stronger inflation momentum. Japan’s households continued to reduce spending as sticky inflation discouraged discretionary outlays.

Loretta Mester, president of the Federal Reserve Bank of Cleveland, stated that the central bank may be approaching the level of confidence required to begin cutting interest rates in the coming months.

Money-market fund assets climbed to an all-time high on predictions that short-term rates will remain rising, as the latest Fedspeak implies authorities are in no hurry to start reducing.


02:00 ET
German Industrial Orders MoM
Median Forecast 0.7% | Prior -11.3% | Range 5.0%/-0.3%


Good Luck today, Traders!