Daily Dose, EU

Morning Juice – Europe Session Prep

Good morning, Traders!
It is Thursday, the 30th of January. Here is what to expect for the day.


Sentiment

Trump administration officials are considering tightening limits on Nvidia chip sales to China, particularly the H20 chip used for AI development.

The ECB is expected to cut interest rates for the seventh time this year, as inflation approaches the 2% objective, allowing regulators to relax the economy’s shackles even further.

Howard Lutnick believes that if Canada and Mexico take action against illegal migration and fentanyl, they will avoid an immediate tariff threat from the US. Canadian crude rose from a six-month low following the news.

The BoJ plans to phase out its fund-provisioning program by 2028, removing ¥77 trillion in outstanding loans from its balance sheet.


Events

04:00 ET
German GDP YoY NSA Flash
Median Forecast -0.3% | Prior 0.1% | Range 0.5%/-0.4%

German GDP QoQ Flash
Median Forecast -0.1% | Prior 0.1% | Range 0.2%/-0.1%

05:00 ET
Eurozone Unemployment Rate
Median Forecast 6.3% | Prior 6.3% | Range 6.4%/6.3%

Eurozone GDP YoY Prelim Flash
Median Forecast 1% | Prior 0.9% | Range 1.3%/0.9%

Eurozone GDP QoQ Prelim Flash
Median Forecast 0.1% | Prior 0.4% | Range 0.4%/0%

08:15 ET
ECB Rate Statement

ECB Interest Rate
Median Forecast 2.9% | Prior 3.15% | Range 2.9%

ECB Deposit Rate
Median Forecast 2.75% | Prior 3% | Range 2.75%


Good luck!