Morning Juice – Europe Session Prep

Good morning, Traders.
It is Tuesday, the 29th of October, here is what to expect for the day.

Sentiment

According to Yomiuri, which cites an unnamed official from Ishiba’s Liberal Democratic Party, Japanese Prime Minister Shigeru Ishiba is scheduled to request a “partial” partnership from the opposition Democratic Party for the People.

The Biden administration finalised prohibitions on US people and businesses investing in China’s cutting-edge technologies, including as artificial intelligence, semiconductors, and quantum computing.

As the market concentrated on the possibility of reducing hostilities in the Middle East and impending US economic data, oil stabilised after plunging around 6% on Monday, the largest drop in over two years.

Ahead of the Bank of Japan’s policy meeting this week, the labour market in Japan tightened in September, indicating ongoing pressure on businesses to increase salaries.

Vice President Luis de Guindos says the European Central Bank has made great strides in reducing inflation, but he cannot yet declare success.

For the first time since June, Bitcoin surpassed $70,000 thanks to investments in specialised exchange-traded funds and conjecture on the possible results of the US election next week.

Good luck!