Morning Juice – Europe Session Prep
Good Morning Traders
It is Tuesday the 27th August, here is what to expect for the day.
Sentiment
China’s industrial companies saw a rise in profits in July, but its durability is being called into question by the country’s poor demand.
President Mary Daly of the Federal Reserve Bank of San Francisco stated that she thinks the US central bank should start lowering interest rates.
According to Stephen Jen, if the US decreases interest rates, Chinese corporations would be persuaded to sell a $1 trillion hoard of assets denominated in dollars, which might strengthen the yuan by as much as 10%.
Following a three-day surge, oil prices stabilised as the possibility of a disruption in Libyan supply balanced against an uncertain demand forecast. Following the collapse of a ceasefire with leftist guerrillas, oil pipelines in eastern Colombia have been targeted five times in the last few days.
Docket
02:00 ET
German GDP Final YoY NSA
Median Forecast 0.3% | Prior 0.3% | Range 0.3%/0.3%
German GDP Final QoQ
Median Forecast -0.1% | Prior -0.1% | Range 0.1%/-0.1%
Good luck!
