Morning Juice – Europe Session Prep

Good Morning Traders! This Friday we get French and Eurozone CPI.

Here is what to expect for the day.

Sentiment

Donald Trump was found guilty in the first criminal prosecution of a former US president in the country’s history, a decision that may change the political landscape five months before the election.

China’s manufacturing activity unexpectedly dropped in May, a warning sign from the sector that Beijing is most relied on to generate development.

Lorie Logan, President of the Federal Reserve Bank of Dallas, said high interest rates may not be constraining the economy as much as policymakers expect, emphasising the need of authorities keeping their options open for future changes.

Investors will find out Friday if Japan acted to support the yen in the previous month, with the troubled currency vulnerable to a selloff if officials were absent or had to spend far more than expected.

Oil declined for the third consecutive day as a major market indicator underscored oversupply fears ahead of an OPEC+ supply meeting on Sunday.

US officials have paused the issuance of licences to chipmakers like as Nvidia and Advanced Micro Devices for large-scale AI accelerator exports to the Middle East, according to sources familiar with the situation, while officials perform a national security evaluation of AI research in the area.

Docket

02:45 ET
French GDP QoQ Final
Median Forecast: 0.2% | Prior 0.2% | Range 0.2%/0.2%

French CPI YoY NSA Prelim
Median Forecast 2.4% | Prior 2.2% | Range 2.6%/2.0%

French CPI MoM NSA Prelim
Median Forecast 0.1% | Prior 0.5% | Range 0.4%/0.0%

French HICP YoY Prelim
Median Forecast 2.6% | Prior 2.4% | Range 2.8%/2.4%

Good Luck today, traders!