Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 5th of March. Here is what to look out for today.

Sentiment
The dollar strengthened against all its Group-of-10 peers as President Donald Trump reiterated that he intends to impose retaliatory tariffs. The euro drifted lower ahead of the Bundesbank’s proposal on debt brake reform. The Trump administration could announce a pathway for tariff relief on Mexican and Canadian goods covered by North America’s free trade agreement as soon as tomorrow. Commerce Secretary Howard Lutnick said Tuesday. China set its economic growth goal at about 5% for 2025, raising expectations for officials to unleash more stimulus as they confront a trade war with the US. Bank of Japan Deputy Governor Uchida signaled that the benchmark interest rate remains on a gradual upward path, in remarks that may quell speculation of an early move.

Docket
02:30 ET
Swiss CPI
YoY – Median Forecast: 0.2% | Prior: 0.4% | Range: 0.4% / 0.1%
MoM – Median Forecast: 0.5% | Prior: -0.1% | Range: 0.6% / 0.3%

02:45 ET
French Industrial Production MoM
Median Forecast: 0.4% | Prior: -0.4% | Range: 1.3% / 0%

03:45 ET
Italian PMI
Services – Median Forecast: 51 | Prior: 50.4 | Range: 51.6 / 49.8
Composite – Median Forecast: 50 | Prior: 49.7 | Range: 50.9 / 49.3

03:50 ET
French PMI
Services – Median Forecast: 44.5 | Prior: 44.5 | Range: 44.5 / 44.6
Composite – Median Forecast: 44.5 | Prior: 44.5 | Range: 44.5 / 45.7

03:55 ET
German PMI
Services – Median Forecast: 52.2 | Prior: 52.4 | Range: 52.2 / 52.2
Composite – Median Forecast: 6.2% | Prior: 6.2% | Range: 6.3% / 6.1%

04:00 ET
Eurozone PMI
Services – Median Forecast: 50.7 | Prior: 50.7 | Range: 51.2 / 50.7
Composite – Median Forecast: 50.2 | Prior: 50.2 | Range: 50.7 / 50.2

04:30 ET
UK PMI
Services – Median Forecast: 51.1 | Prior: 51.1 | Range: 51.2 / 50.9
Composite – Median Forecast: 50.5 | Prior: 50.5 | Range: 50.6 / 50.3

05:00 ET
Eurozone PPI
YoY – Median Forecast: 1.3% | Prior: 0% | Range: 1.9% / 0%
MoM – Median Forecast: 0.3% | Prior: 0.4% | Range: 0.9% / 0%