Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 28th of May. Here is what to look out for today.

Sentiment
Japan’s auction of 40-year government notes drew a higher yield than than the market expected. The bonds yielded 3.135% vs 2.71% in the prior offering; compared with highest yield of 3.085% estimated in a survey. China’s biggest commodities futures market said it plans to internationalize its operations and allow overseas investors full access to trade its products. Oil rose alongside equity markets ahead of an OPEC+ committee meeting, while traders monitor the prospect for more US sanctions on Russia. The dollar’s extended slide has prompted China’s central bank to change tack in managing its currency, as it pivots from supporting the yuan to guarding against the risk of a rapid appreciation.

Docket
02:45 ET
French GDP QoQ
Forecast: 0.1%, Prior: 0.1%, Range: 0.2% / 0.1%
French Consumer Spending
Forecast: -1.0%, Prior: 0.8%, Range: 1.5% / 0.3%

03:55 ET
German Unemployment
Rate – Forecast: 6.3%, Prior: 6.3%, Range: 6.4% / 6.3%
Change – Forecast: 4.0k, Prior: 12.0k, Range: 20.0k / 5.0k

04:00 ET
ECB SPI Expectations

Speakers
04:00 ET
Fed’s Kashkari participates in a conversation and Q&A at Keio University in Tokyo.