Morning Juice – Europe Session Prep

Good Morning Traders
It is Tuesday, the 8th October, here is what to expect for the day.

Sentiment

During a press briefing on Tuesday, China’s top economic planning body failed to win over investors with new stimulus measures.

After a year of warfare, the Israel Defence Forces claimed to have intercepted the majority of a rocket barrage thrown into Tel Aviv by Hamas, which is backed by Iran.

However, as hopes for further stimulus from China faded, Brent oil fell below $80 a barrel, igniting a risk-off sentiment in global markets.

As Prime Minister Shigeru Ishiba gets ready to lead his party in a general election later this month, base earnings for normal workers in Japan increased at a record rate.

New York Fed president John Williams said the “very good” jobs report for September confirmed that the US economy remained in robust health even as inflation was continuing to ease after more than a year of high rates, according to a report in the Financial Times

According to minutes from the most recent board meeting, Australia’s central bank will maintain interest rates at their current 12-year high until it is satisfied that inflation is steadily approaching its target range.

President of the Federal Reserve Bank of St. Louis Alberto Musalem stated that while he agreed with the US central bank’s decision to cut interest rates by half a point last month, he would prefer that any additional reductions be gradual.

Good luck!