Morning Juice – Europe Session Prep

Good Morning Traders
It is Tuesday, the 13th August, here is what to expect for the day.

Sentiment

Australia’s wage growth remained robust in the second quarter, showing sustained inflation pressures in the economy and reinforcing the Reserve Bank’s view that interest rate reduction are still some distance off.

Inflation, assessed by Japan’s producer prices, accelerated in July, marking six consecutive months of acceleration, as the elimination of utility subsidies drove up energy costs.

The Japanese parliament is to conduct a special session on 23 August to address the Bank of Japan’s decision to hike interest rates last month.

The US believes an Iranian attack against Israel has become even more plausible and may happen as soon as this week, officials said, as ally leaders attempted to avoid all-out war and the Pentagon moved more forces to the region.

Oil fell after a five-day rally, with a possible escalation in the Middle East war countered by signals of slowing global demand growth.

Docket

02:00 ET
UK Unemployment Rate
Median Forecast 4.5% | Prior 4.4% | Range 4.5%/4.3%

UK Unemployment Change
Median Forecast 14.5k | Prior 32.3k

UK Employment Change SA
Median Forecast 10k | Prior 16k | Range 30k/-5k

05:00 ET
German ZEW Economic Sentiment
Median Forecast 34 | Prior 41.8 | Range 43.0/15.0

German ZEW Current Conditions
Median Forecast -74.5 | Prior -68.9 | Range -66.7/-81.1

Good luck!