Morning Juice – Europe Session Prep
Good Morning Traders! This Friday we get UK Retail Sales and PMI from France, Germany, the Eurozone and the UK most notably.
Here is what to expect for the day.
Sentiment
Japan’s inflation surged on the back of rising energy prices, supporting the argument for the central bank to consider hiking interest rates in the coming months.
Masato Kanda, Japan’s top currency official, says there is no change in his view on taking necessary steps if there are excessive currency movements.
The far-right National Rally party of Marine Le Pen maintained her lead in the French parliamentary elections, with President Emmanuel Macron’s group still lagging in third place, according to a survey of voting intentions published on Thursday.
Thomas Barkin, President of the Federal Reserve Bank of Richmond, stated that he needed more certainty on the course of inflation before cutting interest rates.
Austan Goolsbee, President of the Federal Reserve Bank of Chicago, said policymakers will be able to decrease interest rates if inflation continues to fall, as it did last month.
Docket
02:00 ET
UK Retail Sales YoY
Median Forecast -0.6% | Prior -2.7% | Range 1.0%/-2.7%
UK Retail Sales MoM
Median Forecast 1.8% | Prior -2.3% | Range 2.7%/0.3%
UK Core Retail Sales MoM
Median Forecast 1.8% | Prior -2.0% | Range 2.5%/0.2%
03:15 ET
French Mfg PMI Flash
Median Forecast 46.8 | Prior 46.4 | Range 48.0/46.0
03:30 ET
German Services PMI Flash
Median Forecast 54.4 | Prior 54.2 | Range 55.1/53.0
German Mfg PMI Flash
Median Forecast 46.4 | Prior 45.4 | Range 48.0/45.0
German Composite PMI Flash
Median Forecast 52.7 | Prior 52.4 | Range 50.5/48.0
04:00 ET
Eurozone Mfg PMI Flash
Median Forecast 47.9 | Prior 47.3 | Range 48.6/46.3
04:30 ET
UK Services PMI Flash
Median Forecast 53.0 | Prior 52.9 | Range 53.7/51.9
UK Mfg PMI Flash
Median Forecast 51.1 | Prior 51.2 | Range 52.0/49.8
UK Composite PMI Flash
Median Forecast 53.0 | Prior 53.0 | Range 53.6/52.0
Good Luck today, traders!
