Morning Juice – Europe Session Prep
Good Morning Traders! This Wednesday we get UK CPI.
Here is what to expect for the day.
Sentiment
A chorus of Federal Reserve members on Tuesday emphasised the need for additional evidence of dropping inflation before cutting interest rates, with a couple policymakers giving insight into the possible timing of such a move.
China’s central bank chairman said it is working with the finance ministry to examine how to adopt government bond trading, but he rejected the notion that the activity would be considered quantitative easing.
Bank of Japan board members addressed the potential of pursuing a faster pace of policy normalisation despite persistent worries that the weak yen’s influence on inflation would force the bank to respond, according to minutes from the April policy meeting.
According to a person familiar with the situation, France and Italy will be among seven nations subjected to a European Union infringement action for unsustainable deficits last year.
Docket
02:00 ET
UK CPI YoY
Median Forecast 2.0% | Prior 2.3% | Range 2.2%/1.8%
UK Core CPI YoY
Median Forecast 3.5% | Prior 3.9% | Range 3.7%/3.2%
Good Luck today, traders!
