Morning Juice – Europe Session Prep
Good Morning Traders
It is Thursday the 6th September, here is what to expect for the day.
Sentiment
In an exclusive interview with MarketWatch on Thursday, Chicago Fed President Austan Goolsbee stated that the Federal Reserve should soon and gradually ease interest rate policy due to the longer-term trend of labor-market and inflation statistics. This will take place over the course of the next year.
Japan’s household expenditure remained relatively stable in July, which heightens worries that the country’s economy will continue to develop slowly this quarter.
As he presented his platform to Wall Street and corporate leaders in New York, Donald Trump embraced the proposal put out by his billionaire supporter Elon Musk and promised to lower the corporate tax rate, remove regulations, and audit the federal government.
According to a former official, the Bank of Japan may raise interest rates more quickly than many presently expect, and it should work to properly communicate any changes to ensure that markets don’t panic.
Due to ongoing worries about weak demand and plentiful supply, oil was set to experience its biggest weekly loss in over a year, even as OPEC+ postponed a planned increase in output by two months.
Forecasters predict that August’s monthly employment report from the US will show a spike in hiring and a little decline in the unemployment rate, indicating a stabilisation following the July data that caused a growth panic in the financial markets.
Docket
02:00 ET
German Industrial Production YoY
Median Forecast -3.5% | Prior -3.92% | Range -2.5%/-4.3%
German Industrial Production MoM
Median Forecast -0.5% | Prior 1.4% | Range 0.8%/-1.1%
05:00 ET
Eurozone GDP Revised QoQ
Median Forecast 0.3% | Prior 0.3% | Range 0.3%/0.2%
Eurozone GDP Revised YoY
Median Forecast 0.6% | Prior 0.6% | Range 0.6%/0.5%
Speakers
03:00 ET
ECB’s Elderson Speaks
Good luck!
