Morning Juice – Europe Session Prep
Good Morning Traders! This Monday we get manufacturing PMI across the Euro-area.
Here is what to expect for the day.
Sentiment
According to an interview with the Australian Financial Review, Australian central bank Deputy Governor Andrew Hauser stated that the “first and predominant challenge” for policymakers is to reduce inflation.
Japanese corporations reduced capital expenditure in the first quarter, implying that revised statistics expected next week will continue to show the GDP shrunk during the time.
Australia’s industrial relations arbitrator increased the national minimum wage by 3.75%, helping the Reserve Bank’s attempts to reduce inflation to the 2-3% goal by next year.
Oil fluctuated between gains and losses as OPEC+ announced a plan to restart some production as early as October, amid concerns about the demand outlook and robust supplies from outside the organisation.
Docket
03:50 ET
French Mfg PMI
Median Forecast: 46.7 | Prior 46.7 | Range 46.7/46.5
03:55 ET
German Mfg PMI
Median Forecast: 45.4 | Prior 45.4 | Range 45.5/45.4
04:00 ET
Eurozone Mfg PMI
Median Forecast: 47.4 | Prior 47.4 | Range 47.5/46.8
04:30 ET
UK Mfg PMI
Median Forecast: 51.3 | Prior 51.3 | Range 51.5/51.0
Speakers
03:00 ET
ECB’s Simkus Speaks
Good Luck today, traders!
