Morning Juice – Europe Session Prep

Good Morning Traders! This Wednesday we get UK Gilt and German Bund data, with an otherwise quiet session ahead.

Here is what to expect for the day.

Sentiment

Fitch Ratings changed China’s long-term foreign debt outlook from stable to negative, citing rising threats to the country’s public finances.

Governor Kazuo Ueda stated that the Bank of Japan’s policies will not alter in reaction to currency movements.

Oil retained a two-day slide as an industry data indicated to a boost in US oil stocks, but simmering tensions in the Middle East and continued OPEC+ limits are anticipated to limit losses.

Federal Reserve Bank of Atlanta President Raphael Bostic repeated his forecast for one interest rate drop this year, but noted he’s open to adjusting his stance to later or further rate reductions if the economic situation changes.

Docket

05:00 ET
UK 3 Year Gilt Yield
Prior 4.134%

UK 3 Year Gilt Bid-to-cover
Prior 3.01

05:30 ET
German 15 Year Bund Yield
Prior 2.60%

German 15 Year Bund Bid-to-cover
Prior 2.9

Speakers

02:00 ET
BoJ’s Gov. Ueda Speaks

Good Luck today, Traders!