Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday, the 4th of June. Here is what to look out for today.

Sentiment

South Korea’s equity benchmark rose and is on track to join a bull market following Lee Jae-myung’s widely anticipated victory in the election, which ended a months-long political leadership vacuum.

Australia’s economy began 2025 on a lower note than predicted, with both public demand and exports detracting from growth, supporting the Fed’s decision to decrease interest rates last month and adopt a dovish posture.

Chinese Foreign Minister Yi used his first meeting with new US Ambassador Perdue to protest about Washington’s recent moves, highlighting a deterioration in relations between the world’s two largest economies.

Trump signed a directive on Tuesday boosting steel and aluminium tariffs to 50% from 25% beginning June 4th, following through on a promise to increase import charges to support domestic producers.

Docket
03:55 ET
German Services PMI Final
Forecast 47.2 | Prior: 47.2 | Range: 47.5 / 47.2

German Composite PMI Final
Forecast 48.6 | Prior: 48.6 | Range: 48.6 / 48.4

04:30 ET
UK Services PMI Final
Forecast 50.2 | Prior: 50.2 | Range: 50.5 / 50.2

UK Composite PMI Final
Forecast 49.4 | Prior: 49.4 | Range: 49.7 / 49.4