Morning Juice – Europe Session Prep
Good Morning Traders! This Monday we get the Eurozone Investor Confidence Index.
Here is what to expect for the day.
Sentiment
Japan’s economy showed minimal signs of a clear recovery with its narrower-than-first-estimated drop, giving plenty of grounds for ongoing caution among policymakers as the Bank of Japan considers the timing of its next interest rate hike.
Asset managers increased their wagers that the dollar will decline immediately before stronger-than-expected US jobs figures pushed it to a one-month high.
Donald Trump said he’d remove taxes on tipped wages for hospitality workers if he wins the presidency, tuning his message for swing-state voters in Nevada as he battles back from his felony conviction.
Oil steadied following a weekly dip, with the market still absorbing OPEC+’s decision to resume supply, as traders looked ahead to a collection of industry surveys and the Fed’s interest rate decision.
Docket
04:00 ET
Italian Industrial Production MoM
Median Forecast: 0.2% | Prior -0.5%
04:30 ET
Eurozone Sentix Investor Confidence Index
Median Forecast: -1.7 | Prior -3.6
Good Luck today, traders!
