Morning Juice – Europe Session Prep
Good Morning Traders! This Monday we get Manufacturing PMI for the Euro Area.
Here is what to expect for the day.
Sentiment
Marine Le Pen’s National Rally won decisively in the first round of France’s parliamentary election and set its eyes on an absolute majority, while President Emmanuel Macron and her other opponents began manoeuvring to keep the extreme right out of power.
The euro gained as traders analysed signals. Marine Le Pen’s far-right party appeared poised to win the first round of France’s parliamentary election with a narrower lead than some surveys had projected.
Oil prices were barely altered as traders assessed China’s economic prospects and geopolitical dangers in Europe and the Middle East.
Confidence among Japan’s major manufacturers increased from three months ago, opening the way for the Bank of Japan to consider raising interest rates later this month.
Docket
03:50 ET
French Manufacturing PMI
Median Forecast 45.3 | Prior 45.3 | Range 45.5/45.5
03:55 ET
German Manufacturing PMI
Median Forecast 43.4 | Prior 43.4 | Range 43.5/43.4
04:00 ET
Eurozone Manufacturing PMI
Median Forecast 45.6 | Prior 45.6 | Range 46.2/45.5
04:30 ET
UK Manufacturing PMI
Median Forecast 51.4 | Prior 51.4 | Range 51.4/51.4
08:00 ET
German HICP YoY Prelim
Median Forecast 2.5% | Prior 2.8% | Range 2.8%/2.2%
German CPI YoY Prelim
Median Forecast 2.3% | Prior 2.4% | Range 2.4%/2.1%
Good Luck today, traders!
