Morning Juice – Europe Session Prep

Good Morning Traders
It is Wednesday the 23rd of April. Here is what to look out for today.

Sentiment
President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his frustration with the central bank not moving more quickly to slash interest rates US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China cannot be sustained by both sides and that the world’s two largest economies will have to find ways to de-escalate. President Donald Trump said he plans to be “very nice” to China in any trade talks, his most positive comments yet since the trade war heated up The International Monetary Fund said the latest escalation in the trade war risks saddling China and the US with losses that would only get worse after this year.

Docket
03:15 ET
French PMI’s
Services – Forecast 47.6 | Prior: 47.9 | Range: 48.3/ 47
Composite – Forecast 47.8 | Prior: 48 | Range: 48.5/ 46.5
Manufacturing – Forecast 47.0 | Prior: 48.5 | Range: 49.2/ 45.5

03:30 ET
German PMI’s
Services – Forecast 50.2 | Prior: 50.9 | Range: 51./1 / 49
Composite – Forecast 50.5 | Prior: 51.3 | Range: 51.5 / 48
Manufacturing – Forecast 47.6 | Prior: 48.3 | Range: 49.8/ 42

04:00 ET
Eurozone PMI’s
Services – Forecast 50.5 | Prior: 51 | Range: 51 / 49
Composite – Forecast 50.2 | Prior: 50.9 | Range: 51 / 49.2
Manufacturing – Forecast 47.4 | Prior: 48.6 | Range: 49.2 / 43

04:30 ET
UK PMI’s
Services – Forecast 51.5 | Prior: 52.5 | Range: 52.7 / 50
Composite – Forecast 50.4 | Prior: 51.5 | Range: 51.8 / 49.2
Manufacturing – Forecast 44 | Prior: 44.9 | Range: 46 / 41