Morning Juice – Europe Session Prep
Good morning, Traders.
It is Monday, the 11th of November – a French, US and Canadian bank holiday.
Sentiment
Japan’s parliament is due to elect a prime minister Monday in a mid-afternoon vote that is likely to keep PM Ishiba in office despite a national election setback, as the premier prepares for an expected meeting with US President-elect Trump later this month.
A BoJ board member said the central bank can leave rates on hold for now because it needs to conduct monetary policy more cautiously given the heightened uncertainties at home and overseas, according to a summary of remarks at an October policy meeting.
Fed’s Kashkari said the US economy has stayed extraordinarily strong as the central bank progressed in pushing back inflation, but the Fed was still ‘not all the way home’.
German opposition leader Friedrich Merz, who is dominating polls ahead of an expected snap election, said he will search for partnerships with incoming US President Donald Trump to strengthen his country’s worldwide status.
Oil fell for the second day in a row, as a weak outlook in top importer China continued to worry the market.
Good luck!
