Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 2nd of May. Here is what to look out for today.

Sentiment
China said it is assessing the possibility of trade talks with the US, the first sign since Trump hiked tariffs last month that negotiations could begin between the two sides Australian retail sales rose for a third straight month, reflecting a recent pickup in consumer spending and suggesting the economy was in reasonable shape before US tariffs set off a wave of volatility across global markets. Japan’s Finance Minister Kato said the country’s US Treasury holdings could be a card in its trade talks with the Washington, referring to the largest stockpile of US debt held by a foreign nation. Japan aims to achieve a trade agreement with the US in June, with the high-stakes bilateral discussions expected to gain momentum in mid-May, Tokyo’s chief negotiator said after concluding the latest round of talks in Washington

Docket
03:30 ET
Swiss Manufacturing PMI
Forecast 48.6 | Prior: 48.9 | Range: 50.1 / 47.5

03:45 ET
Italian Manufacturing PMI
Forecast 47 | Prior: 46.6 | Range: 48 / 46

03:50 ET
French Manufacturing PMI
Forecast 48.2 | Prior: 48.2 | Range: 48.4 / 48.2

03:55 ET
German Manufacturing PMI
Forecast 48 | Prior: 48 | Range: 48.4 / 48

04:00 ET
Eurozone Manufacturing PMI
Forecast 48.7 | Prior: 48.7 | Range: 48.9 / 48.6

05:00 ET
Eurozone Unemployment
Forecast 6.1% | Prior: 6.1% | Range: 6.2% / 6.1%
Eurozone CPI Flash Estimate
YoY – Forecast 2.1% | Prior: 2.2% | Range: 2.2% / 1.9%
Core YoY – Forecast 2.5% | Prior: 2.4% | Range: 2.7% / 2.3%