Morning Juice – Europe Session Prep
Good Morning Traders
It is Friday the 13th September, here is what to expect for the day.
Sentiment
Even though the authorities were pushing back against the surge, speculators flocked into China’s government bonds, extending the advance and driving benchmark rates to a record low.
According to a survey, slightly more than half of Bank of Japan observers believe that authorities will raise interest rates again in December, while none anticipate a policy change when the board convenes the following week.
Because they believe the yen will continue its recent surge, which has made it the best-performing currency in the world this quarter, several hedge funds are increasing their optimistic bets in the options market.
According to individuals with knowledge of the situation, China is prepared to lower interest rates on more than $5 trillion in outstanding mortgages as soon as this month, accelerating efforts to lower borrowing costs for millions of families in order to boost consumption.
As storm Francine hampered petroleum output, oil was poised for its first weekly rise in a month, and wider markets adopted a risk-on stance ahead of anticipated Federal Reserve interest rate reduction.
Docket
02:45 ET
French CPI YoY NSA
Median Forecast 1.9% | Prior 1.9% | Range 1.9%/1.9%
French CPI MoM NSA
Median Forecast 0.6% | Prior 0.6% | Range 0.6%/0.6%
French HICP YoY NSA
Median Forecast 2.2% | Prior 2.2% | Range 2.2%/2.0%
Speakers
00:50 ET
ECB’s Nagel Speaks
04:30 ET
ECB’s Rehn Speaks
05:30 ET
ECB’s Lagarde Speaks
Good luck!
