Morning Juice – Europe Session Prep

Good Morning traders.
It is Wednesday the 14th of May. Here is what to look out for today.

Sentiment
Australia’s wage growth was stronger than expected in the first three months of the year, highlighting the nation’s tight labor market that has been underpinned by a wave of public-sector hiring. House Republicans could land on a compromise on the state and local tax deduction on Wednesday, a deal that would represent a breakthrough in one of the thorniest policy debates in President Donald Trump’s economic package. Japan’s Trade Minister Muto will skip a gathering of trade chiefs this week, a decision that will likely lower Tokyo’s chances of securing an opportunity for bilateral talks with US Trade Representative Jamieson Greer. The Trump administration is clearing a path for two key Persian Gulf allies to pursue their artificial intelligence ambitions – and some of the biggest US tech companies are seizing on that opening with plans to spend billions of dollars in the region

Docket
02:00 ET
German CPI
YoY – Forecast: 2.1%, Prior: 2.1%, Range: 2.2% / 2.1%
MoM – Forecast: 0.4%, Prior: 0.4%, Range: 0.4% / 0.4%
HICP YoY – Forecast: 2.2%, Prior: 2.2%, Range: 2.3% / 2.2%
HICP MoM – Forecast: 0.6%, Prior: 0.6%, Range: 0.6% / 0.6%

Speakers
03:15 ET
BoE’s Breeden gives the keynote address at at the International Swaps and Derivatives Association 39th Annual General Meeting in Amsterdam.

04:00ET
ECB’s Nagel speaks at Nueva Economía Forum in Madrid.

05:15 ET
Fed Governor Christopher Waller speaks on central bank research at an event in Rabat, Morocco.