Morning Juice – Europe Session Prep
Good morning, Traders!
It is Friday, the 6th of December. Here is what to expect for the day.
Sentiment
The leader of South Korea’s ruling party stated that President Yoon Suk Yeol should be removed from office immediately, signalling a shift in stance that increases the likelihood of an impeachment resolution being passed.
Base salaries for regular workers in Japan increased by a record, indicating progress towards a positive economic cycle that will encourage market speculation of a near-term rate hike by the central bank.
According to a number of Wall Street firms, China’s central bank will make the largest interest rate reduction in a decade next year as authorities ramp up efforts to boost the economy and combat deflation.
Trump has threatened to put 10% tariffs on all Chinese goods as soon as he takes office next month.
Events
02:00 ET
German Industrial Production YoY SA
Median Forecast -3.3% | Prior -4.62% | Range -2.5% | -3.8%
German Industrial Production MoM
Median Forecast 1% | Prior -2.5% | Range 2.2% | -0.9%
05:00 ET
Eurozone GDP Revised YoY
Median Forecast 0.9% | Prior 0.9% | Range 0.9% | 0.8%
Eurozone GDP Revised QoQ
Median Forecast 0.4% | Prior 0.4% | Range 0.5% | 0.3%
Good luck!
