Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday, the 3rd of June. Here is what to look out for today.

Sentiment

Asian stocks rose slightly as investors awaited news on trade negotiations after the US pushed for talks between Trump and China’s Xi.

A barometer of regional stocks rose 0.1%, marking the first advance in three sessions. Chinese equities in Hong Kong gained on hopes of additional stimulus measures after factory activity unexpectedly fell in May. Treasuries remained stable following an auction of 10-year Japanese government bonds that had a demand ratio higher above the one-year average.

The Dollar climbed versus all of its Group of 10 peers. US equity-index futures fell 0.4%, implying Monday’s mood will not be repeated.

Despite the heightened volatility, markets have rebounded from their April lows, bringing a global stock index close to a new high. Investors are keeping a tight eye on how the China-US trade battle plays out, with the major focus on whether Trump and Xi will arrange a conversation to reduce tensions. The two countries have accused each other of breaking a trade pact signed in May.

Docket
02:30 ET
Swiss CPI YoY
Forecast -0.1% | Prior: 0% | Range: 0% / -0.3%

Swiss CPI MoM
Forecast 0.1%% | Prior: 0% | Range: 0.3% / 0%

05:00 ET
Eurozone Unemployment Rate
Forecast 6.2% | Prior: 6.2% | Range: 6.3 / 6.1

Eurozone Core CPI YoY Flash
Forecast 2.4% | Prior: 2.7% | Range: 2.6% / 2.3%

Eurozone CPI YoY Flash
Forecast 2% | Prior: 2.2% | Range: 2.2% / 1.8%