Morning Juice – Europe Session Prep
Good morning, Traders!
It is Monday, the 24th of February. Here is what to expect for the day.
Sentiment
Australia’s Treasurer Chalmers, has warned that the new US administration’s plans will have a “seismic” impact on the global economy, ahead of his national budget presentation on Tuesday.
Canadian PM Carney has called an election for April 28th, with polls indicating a close race between his Liberal Party and the Conservatives as the country faces a trade war and taunts about its sovereignty from Trump.
Turkey today arrested President Erdogan’s primary political adversary, a development that is expected to spark further market instability and protests across the country.
According to a Trump ally in the Senate who visited with top officials in Beijing over the weekend, China must take action to restrict the flow of fentanyl precursors to the US before further trade talks can be held.
Events
04:15 ET
French Manufacturing PMI Flash
Median Forecast 46.1 | Prior 45.8
04:30 ET
German Services PMI Flash
Median Forecast 52 | Prior 51.1
German Manufacturing PMI Flash
Median Forecast 47 | Prior 46.5
German Composite PMI Flash
Median Forecast 51.1 | Prior 50.4
04:30 ET
UK Services PMI Flash
Median Forecast 51 | Prior 51
UK Manufacturing PMI Flash
Median Forecast 47.2 | Prior 46.9
UK Composite PMI Flash
Median Forecast 50.5 | Prior 50.5
Good luck!