Morning Juice – Europe Session Prep
Good morning, Traders.
It is Tuesday, the 12th of November. Here is what to expect for the day.
Sentiment
According to persons familiar with the topic, China intends to lower home purchase taxes as the government ramps up fiscal support to reinvigorate a stagnant housing market.
President-elect Donald Trump has chosen two men with a history of harsh criticism of China, indicating that relations between the world’s two largest superpowers are likely to deteriorate in the coming years.
Australia’s consumer sentiment climbed in November, while business confidence jumped to the highest level since early 2023, suggesting easing inflation pressures that suggest the next move in interest rates will be a drop.
The tax benefit provided to municipal bond investors is under jeopardy as Republicans move closer to gaining control of both the White House and Congress.
Events
02:00 ET
UK Unemployment Rate
Median Forecast 4.1% | Prior 4.0% | Range 4.3% | 4.0%
UK Unemployment Change
Prior 27.9k
UK Employment Change SA
Median Forecast -13k | Prior -15k | Range 0k | -25k
German HICP Final YoY
Median Forecast 2.4% | Prior 2.4% | Range 2.5% | 2.0%
German CPI Final YoY
Median Forecast 2% | Prior 2% | Range 2%
05:00 ET
German ZEW Economic Sentiment
Median Forecast 13.3 | Prior 13.1 | Range 18 | 5
German ZEW Current Conditions
Median Forecast -85 | Prior -86.9 | Range -82 | -88
07:00 ET
OPEC Monthly Report
Good luck!
