Morning Juice – Europe Session Prep

Good Morning Traders
It is Wednesday, the 14th August, here is what to expect for the day.

Sentiment

Japanese Prime Minister Fumio Kishida will not seek re-election as head of the long-ruling Liberal Democratic Party in September, paving the way for a new party member to take over as premier.

Oil recovered after losing more than 2% on Tuesday, as an industry data indicated a significant decline in US crude stockpiles and tensions simmered in the Middle East.

Japanese retail investors expect the yen to climb further, despite retracing some of its gains from the previous two weeks.

Forecasters predict a monthly report on US consumer prices to show another minor increase last month, adding to broad expectations for a Federal Reserve interest rate drop in September.

According to a research, at least 48 million homes in China have been sold before construction is completed, indicating that the country’s property crisis will not be remedied anytime soon.

Docket

02:00 ET
UK CPI YoY
Median Forecast 2.3% | Prior 2.0% | Range 2.4%/2.1%

UK Core CPI YoY
Median Forecast 3.4% | Prior 3.5% | Range 3.5%/3.2%

02:45 ET
French CPI YoY NSA
Median Forecast 2.3% | Prior 2.3% | Range 2.3%/2.3%

French HICP YoY Final
Median Forecast 2.6% | Prior 2.6% | Range 2.6%/2.6%

05:00 ET
Eurozone GDP YoY Flash Estimate
Median Forecast 0.6% | Prior 0.6% | Range 0.6%/0.4%

Eurozone GDP QoQ Flash Estimate
Median Forecast 0.3%| Prior 0.3%| Range 0.3%/0.3%

Good luck!