Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 30th of April. Here is what to look out for today.

Sentiment
China’s factory activity slipped into the worst contraction since December 2023, revealing early damage to the world’s second- biggest economy from the trade war with the US. Japan’s factory output fell last month, indicating flagging momentum for manufacturers as they coped with uncertainties surrounding Donald Trump’s sweeping tariff campaign. Trump’s renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during a Tuesday event to mark his 100th day in office. Trump signed a pair of directives easing the impact of his tariffs on the automotive industry, yielding to weeks of intense lobbying from automakers, parts suppliers and dealers who warned excessive levies could push up car prices, triggering plant shutdowns and job losses.

Docket
01:30 ET
French GDP
QoQ – Forecast 0.1% | Prior: -0.`% | Range: 0.1% / 0%
YoY – Forecast 0.7% | Prior: 0.6% | Range: 0.7% / 0.6%

02:00 ET
German Retail Sales
YoY – Forecast 0.5% | Prior: 0.1% | Range: 5% / 0%
MoM – Forecast -0.8% | Prior: 0.3% | Range: 1% / -1.5%
German Import Prices MoM
Forecast -0.8% | Prior: 0.3% | Range: -0.5% / -1.1%

UK Nationwide House Prices
YoY – Forecast 4.2% | Prior: 3.9% | Range: 4.3% / 3.6%
MoM – Forecast 0.1% | Prior: 0% | Range: 0.2% / -0.5%

02:45 ET
French CPI
YoY – Forecast 0.7% | Prior: 0.8% | Range: 1% / 0.5%
MoM – Forecast 0.4% | Prior: 0.2% | Range: 0.5% / 0.2%
HICP YoY – Forecast 0.7% | Prior: 0.9% | Range: 0.9% / 0.5%
HICP MoM – Forecast 0.4% | Prior: 0.2% | Range: 0.6% / 0.2%

03:00 ET
Swiss KOF Indicator
Forecast 101.9 | Prior: 103.9 | Range: 103.1 / 98

03:55 ET
German Unemployment
Rate – Forecast 6.3% | Prior: 6.3% | Range: 6.4% / 6.3%
Change – Forecast 15K | Prior: 26K | Range: 30K / 5K

04:00 ET
German GDP
QoQ – Forecast 0.2% | Prior: -0.2% | Range: 0.3% / -0.2%
YoY – Forecast -0.4% | Prior: -0.4% | Range: -0.3% / -0.7%

05:00 ET
Eruozone GDP
QoQ – Forecast 0.2% | Prior: 0.2% | Range: 0.4% / 0.1%
YoY – Forecast 1.1% | Prior: 1.2% | Range: 1.2% / 0.9%

08:00 ET
German CPI
YoY – Forecast 2% | Prior: 2.2% | Range: 2.4% / 1.9%
MoM – Forecast 0.3% | Prior: 0.3% | Range: 0.7% / 0.2%
HICP YoY – Forecast 2.1% | Prior: 2.3% | Range: 2.4% / 2%
HICP MoM – Forecast 0.4% | Prior: 0.4% | Range: 0.7% / 0.4%