Morning Juice – Europe Session Prep

Good Morning Traders
It is Monday the 23rd September, here is what to expect for the day.

Sentiment

Just after slashing one of its short-term policy rates, China announced preparations for a rare briefing on the economy by three senior financial regulators, igniting suspicion that policymakers are getting ready to step up measures to spur growth.

According to persons familiar with the situation, the Federal Reserve penalised the bank for its data management and risk controls, which put a stop to Citi’s expansion strategy in China.

The left-wing Greens party asked that the government compel the central bank to lower interest rates, which was a severe setback to Australian Treasurer Jim Chalmers’ ambitions to restructure the Reserve Bank.

The far-right Alternative for Germany was repelled by Olaf Scholz’s Social Democrats, who appear determined to hold onto power in the eastern state of Brandenburg, sparing the chancellor and his party from yet another humiliating electoral defeat.

Docket

03:15 ET
French Manufacturing PMI Flash
Median Forecast 44.2 | Prior 43.9 | Range 46.0/43.1

03:30 ET
German Manufacturing PMI Flash
Median Forecast 42.3 | Prior 42.4  | Range 52.0/41.5

German Services PMI Flash
Median Forecast 51| Prior 51.2 | Range 52.0/41.5

German Composite PMI Flash
Median Forecast 48.2 | Prior 48.4 | Range 49.1/47.4

04:00 ET
Eurozone Manufacturing PMI Flash
Median Forecast 45.7 | Prior 45.8 | Range 46.5/45.0

04:30 ET
UK Manufacturing PMI Flash
Median Forecast 52.2 | Prior 52.5   | Range 52.8/51.9

UK Services PMI Flash
Median Forecast 53.5 | Prior 53.7  | Range 54.2/52.9

UK Composite PMI Flash
Median Forecast 53.5 | Prior 53.8 | Range 54.2/53.0

Speakers

02:25 ET
ECB’s Elderson Speaks

08:00 ET
Fed’s Bostic Speaks

Good luck!