Morning Juice – Europe Session Prep

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

Sentiment
A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, giving at least some hope to a White House now facing substantial new restrictions on its effort to rewrite the global trading order. Prices in Tokyo jumped the most in two years on surging food costs, keeping the Bank of Japan on track for another rate hike in coming months. Federal Reserve Bank of Dallas President Lorie Logan signaled it may take a while before officials know how the economy will respond to tariffs and other policy changes and thus how they should adjust interest rates. US Treasury Secretary Scott Bessent said trade talks with China are “a bit stalled,” and that a call between President Donald Trump and Chinese President Xi Jinping may be needed for the world’s two largest economies to reach a deal.

Docket
02:00 ET
German Retail Sales
YoY – Forecast: -1.8%, Prior: 0.3%, Range: 1.8% / -4.5%
MoM – Forecast: -0.2%, Prior: 0.2%, Range: 0.5% / -0.5%

03:00 ET
Swiss KOF Indicator
Forecast: 97.1, Prior: 98.4, Range: 99.0 / 95.8

08:00 ET
German CPI
YoY – Forecast: 2.1%, Prior: 2.1%, Range: 2.2% / 2.0%
MoM – Forecast: 0.4%, Prior: 0.1%, Range: 0.3% / 0.0%
HICP YoY – Forecast: 2.2%, Prior: 2.0%, Range: 2.2% / 1.9%
HICP MoM – Forecast: 0.5%, Prior: 0.1%, Range: 0.2% / -0.1%