Morning Juice – Europe Session Prep

Good morning, Traders.
It is Thursday, the 24th of October, here is what to expect for the day.

Sentiment

In the most recent indication that the central bank will keep lowering interest rates next month, Bank of England Governor Andrew Bailey stated that disinflation in the UK is occurring more quickly than authorities had predicted.

The majority of experts polled predict that the Bank of Japan will maintain its benchmark interest rate at its current level next week before hiking it in December or January. Kazuo Ueda, the governor of the Bank of Japan, implied that further interest rate hikes are on the horizon, stating that his main focus is determining the appropriate amount and timing of additional normalisation of Japan’s easy monetary policy.

While lowering interest rates to reflect a lower inflation expectation, the Reserve Bank of New Zealand’s Monetary Policy Committee continues to consider persistent pricing pressures. remarked Adrian Orr, the governor. Adrian Orr, the governor of the central bank of New Zealand, expressed his desire for more people to read the bank’s comprehensive report on its policy discussions instead of depending on reporters or analysts.

As traders evaluated Middle East concerns and the potential for market balances into 2025, oil recovered after falling on Wednesday.

The concerns of a slowing export surge, escalating geopolitical tensions, and a US presidential election that could affect trade-reliant countries were highlighted by South Korea’s economy, which barely managed to squeak out growth last quarter after an earlier contraction.

Good luck!