Morning Juice – Europe Session Prep

Good Morning Traders
It is Wednesday, the 31st July. Here is what to expect for today:

Sentiment

Australia’s core inflation unexpectedly fell last quarter, reinforcing the Reserve Bank’s belief that prices will steadily fall and pushing traders to increase their bets on an interest rate decrease. The currency and bond yields fell.

Federal Reserve policymakers are expected to come closer to lowering interest rates from a two-decade high this week, indicating a possible rate decrease in September, though they may refrain from disclosing any details.

Oil climbed for the first time in four sessions after Hamas claimed Israel assassinated its senior head, and an industry survey predicted a fifth week of drawdowns in US inventories.

Docket

02:45 ET
French CPI YoY NSA Prelim
Median Forecast 2.4% | Prior 2.2% | Range 2.6%/2.1%

French CPI MoM NSA Prelim
Median Forecast 0.3% | Prior 0.1% | Range 0.5%/0.2%

French HICP YoY Prelim
Median Forecast 2.8% | Prior 2.5% | Range 3.1%/2.2%

03:55 ET
German Unemployment Rate
Median Forecast 6.0% | Prior 6.0% | Range 6.1%/6.0%

German Unemployment Change SA
Median Forecast 15k | Prior 19k | Range.25k/7k

05:00 ET
Eurozone Core CPI YoY Flash
Median Forecast 2.8% | Prior 2.9% | Range 3.2%/2.6%

Eurozone CPI YoY Flash
Median Forecast 2.5% | Prior 2.5% | Range.2.9%/2.3%

Earnings

07:30 ET
Boeing Q2 2024 Earnings
Est. EPS -$1.82 | Est. Rev. $17.46B

08:00 ET
Mastercard Q2 2024 Earnings
Est. EPS $3.52| Est. Rev. $6.86B

Good luck!