Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 14th of March. Here is what to look out for today.

Sentiment
Japan’s largest trade union federation is set to announce its first tally of pay deals, a crucial measure of whether wage growth momentum is holding up in the country. Worker pay remains an essential piece of the virtuous economic cycle sought by the Bank of Japan and the government. Senate Democratic leader Chuck Schumer had two choices as the clock ticked down to the government funding deadline: drop his threat to block the Republican bill or force a disruptive March 15 shutdown. European Central Bank President Christine Lagarde warned that an escalation of disputes over trade levies kicked off by US President Donald Trump may have a detrimental effect on the world economy

Docket
03:00 ET
German CPI
YoY – Forecast: 2.3% | Prior: 2.3% | Range: 2.3% / 2.3%
MoM – Forecast: 0.4% | Prior: 0.4% | Range: 0.4% / 0.4%
HICP YoY – Forecast: 2.8% | Prior: 2.8% | Range: 2.8% / 2.8%
HICP MoM – Forecast: 0.6% | Prior: 0.6% | Range: 0.7% / 0.6%

UK Industrial Production
YoY – Forecast: -0.6% | Prior: -1.9% | Range: 0.1% / -0.8%
MoM – Forecast: -0.1% | Prior: 0.5% | Range: 0.7% / -0.3%
UK Manufacturing Production MoM
Forecast: 0% | Prior: 0.7% | Range: 1% / 0.3%
UK GDP Estimate
MoM – Forecast: 0.1% | Prior: 0.4% | Range: 0.2% / -0.2%
3M/3M – Forecast: 0.2% | Prior: 0% | Range: 0.3% / 0.2%

04:00 ET
French CPI
YoY – Forecast: 0.8% | Prior: 0.8% | Range: 0.8% / 0.8%
MoM – Forecast: 0% | Prior: 0% | Range: 0% / 0%
HICP YoY – Forecast: 0.9% | Prior: 0.9% | Range: 0.9% / 0.9%
HICP MoM – Forecast: 0% | Prior: 0% | Range: 0% / -0.2%

Speakers
05:00 ET
ECB’s Escriva gives speech at AEB Banking Meeting, ‘Financing Europe’s future. The role of the banking sector’.