Morning Juice – Europe Session Prep

Good Morning Traders! This Tuesday we get German ZEW and Eurozone CPI

Here is what to expect for the day.

Sentiment

Bank of Japan Governor Kazuo Ueda underlined that an interest rate rise is conceivable at next month’s policy board meeting, even though the central bank wants to publish specifics of its plan to reduce bond purchases at the same time.

According to Patrick Harker, President of the Federal Reserve Bank of Philadelphia, one interest rate drop is acceptable for this year based on his current prediction, and he would like to see “several” more months of better inflation.

Two Japanese institutional investors with holdings of French government bonds said they’re unlikely to acquire more of the paper for now, citing concerns that political upheaval may cause additional falls.

Morgan Stanley believes that Chinese banks sold about $60 billion in dollars against the yuan in the second half of last year, based on data from the country’s top 17 banks’ annual reports.

Oil rose the most in a week as risk-on attitude in broader markets outweighed a mixed outlook for oil.

Docket

05:00 ET
German ZEW Economic Sentiment
Median Forecast 50 | Prior 47.1 | Range 55.0/44.0

German ZEW Current Conditions
Median Forecast -65 | Prior -72.3 | Range -62.5/-69.5

Eurozone CPI YoY Final
Median Forecast 2.6% | Prior 2.6% | Range 2.6%/2.6%

Eurozone CPI MoM Final
Median Forecast 0.2% | Prior 0.6% | Range 0.3%/0.2%

Good Luck today, traders!