![Morning Juice – Europe Session Prep](https://features.financialjuice.com/wp-content/uploads/2024/01/FeautredImageEUMorningJuice-ezgif.com-video-to-gif-converter.gif)
Morning Juice – Europe Session Prep
Good morning, traders!
Sentiment
Federal Reserve Chair Jerome Powell said second-quarter economic data has provided policymakers with increasing confidence that inflation is coming down to the central bank’s 2% target, perhaps clearing the way for near-term interest-rate reduction.
According to Mary Daly, President of the Federal Reserve Bank of San Francisco, inflation is decreasing in a way that gives her confidence that it will reach 2%.
UK economists are sceptical about the potential of Keir Starmer’s Labour government to turbo-charge economy, believing that the lacklustre expansion that has plagued much of the previous decade would continue, according to a survey.
According to a Federal Reserve Bank of San Francisco report, the weakening of the US labour market that began last year is expected to continue amid a continued tide of unauthorised immigrants.
Docket
05:00 ET
German ZEW Economic Sentiment
Forecast 41 | Previous 47.5 | Range 48.0 | 35.0
German ZEW Current Conditions
Forecast -74.8 | Previous -73.8 | Range -70.0 | -80.0
US Earnings
05:55 ET
United Health Q2 24 EPS est. $6.59| Rev. Est. $98.95 bln
06:45 ET
Bank of America Q2 24 EPS est. $0.79 | Rev. Est $25.32 bln
07:30 ET
Bank of America Q2 24 EPS est. $1.65 | Rev. Est $14.27 bln
Good Luck Traders!