Morning Juice – Europe Session Prep
Good Morning Traders
It is Monday the 16th September, here is what to expect for the day.
Sentiment
The Chinese government is under increasing pressure to boost monetary and fiscal stimulus fast in order to meet this year’s growth objective of roughly 5%. According to data released on Saturday, industrial output last month had its longest slowdown since 2021, while consumption and investment declined more than anticipated.
Leading economists have advised UK Chancellor Rachel Reeves to scrap her fiscal policies in the next October budget so that she can borrow more money to fund improvements to the nation’s dilapidated public infrastructure.
Following its first weekly gain in a month, oil prices stabilised as indications of a worsening economic downturn in China outweighed a decline in Libyan exports.
This week, the Federal Reserve will initiate a significant shift in its policy, cutting interest rates for the first time in almost four years in an effort to facilitate an uncommon soft landing for the US economy.
Speakers
03:00 ET
ECB’s Panetta Speaks
04:10 ET
ECB’s de Guindos Speaks
08:00 ET
ECB’s Lane Speaks
Good luck!
