Morning Juice – Europe Session Prep
Good morning, Traders!
It is Monday, the 6th of January. Here is what to expect for the day.
Sentiment
Governor Ueda has reiterated that the BoJ will raise its policy rate if economic circumstances improve further this year. The timing of interest rate adjustments will be determined by the economy, inflation, and financial circumstances.
Canadian PM Trudeau is expected to retire as Liberal Party leader this week, according to the Globe and Mail, which cited three unnamed sources.
China reinforced its support for the Yuan, after allowing it to fall below a critical support level in the previous session.
According to a private study, China’s services activity grew at the quickest rate since May, indicating that domestic demand is rising following Beijing’s stimulus package.
Events
03:55 ET
German Services PMI Final
Median Forecast 51 | Prior 51
German Composite PMI Final
Median Forecast 47.8 | Prior 47.8
04:30 ET
UK Services PMI Final
Median Forecast 51.4 | Prior 51.4
UK Composite PMI Final
Median Forecast 50.5 | Prior 50.5
08:00 ET
German HICP YoY Prelim
Median Forecast 2.6% | Prior 2.4%
German CPI YoY Prelim
Median Forecast 2.4% | Prior 2.2%
Good luck!
