Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 20th of February. Here is what to look out for today.

Sentiment
The yen rose to its strongest level against the dollar since December, amid expectations the Bank of Japan will continue to raise interest rates this year. The Australian dollar edged higher following the nation’s strong employment data. US President Donald Trump said it would be possible to reach a fresh trade deal with China, signaling he is open to heading off a brewing trade fight between Washington and Beijing. Donald Trump’s turn against Volodymyr Zelenskiy leaves Ukraine no good alternatives as it heads into the fourth year of Russia’s full-scale invasion.

Docket
02:00 ET
German PPI
YoY – Median Forecast: 1.2% | Prior: 0.8% | Range: 1.5% / 0.6%
MoM – Median Forecast: 0.6% | Prior: -0.1% | Range: 0.9% / 0.1%

Speakers
ECB’s Makhlouf gives address on Ireland’s economic priorities.

Earnings
06:30 ET
Alibaba Q3 2025 Earnings
Estimated EPS: ¥19.12
Estimated Revenue: ¥277.39B

07:00 ET
Walmart Q4 2025 Earnings
Estimated EPS: $0.64
Estimated Revenue: $180.01B