
Morning Juice – Europe Session Prep
Good Morning Traders.
It is Monday the 3rd of March. Here is what to look out for today.
Sentiment
The euro advanced versus the greenback after European leaders pledged to increase defense spending and support Ukraine. China’s manufacturing activity picked up last month, according to a private survey, indicating economic resilience in the face of US President Donald Trump slapping more tariffs on the Asian nation’s exports. Chancellor Olaf Scholz’s Social Democrats won a regional election in the port city of Hamburg, a week after a crushing defeat on the national level.
Docket
03:30 ET
Swiss Manufacturing PMI
Median Forecast: 48.2 | Prior: 47.5 | Range: 48.6 / 48
03:45 ET
Italian Manufacturing PMI
Median Forecast: 46.7 | Prior: 46.3 | Range: 47 / 46
03:50 ET
French Manufacturing PMI
Median Forecast: 45.5 | Prior: 45.5 | Range: 45.7 / 45.5
03:55 ET
German Manufacturing PMI
Median Forecast: 46.1 | Prior: 46.1 | Range: 46.5 / 46.1
04:00 ET
Eurozone Manufacturing PMI
Median Forecast: 47.3 | Prior: 47.3 | Range: 47.8 / 47.3
04:30 ET
UK Manufacturing PMI
Median Forecast: 46.4 | Prior: 46.4 | Range: 47 / 46.4
BoE Consumer Credit
Median Forecast: 1.2B | Prior: 1B | Range: 1.7B / 0.9B
Mortgage Lending
Median Forecast: 3.5B | Prior: 3.6B | Range: 4B / 3B
Mortgage Approvals
Median Forecast: 65.5K | Prior: 66.5K | Range: 67.5K / 64K
05:00 ET
Eurozone CPI
YoY – Median Forecast: 2.3% | Prior: 2.5% | Range: 2.7% / 2.1%
MoM – Median Forecast: 0.4% | Prior: -0.3% | Range: 0.8% / 0.2%
Core YoY – Median Forecast: 2.5% | Prior: 2.7% | Range: 2.9% / 2.4%