Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 10th of June. Here is what to look out for today.

Sentiment
Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. Bank of Japan Governor Kazuo Ueda says that, with the policy rate at 0.5%, there’s limited room for the central bank to stimulate the economy should it confront severe downward pressures. Says still some distance for price trend to rise 2%. Australia’s consumer confidence edged up in June as the conflicting moves of lower interest rates and cool inflation ran up against slow growth and ongoing trade upheavals to place households in a holding pattern. China is tapping an often overlooked pool of funds worth 10.9 trillion yuan ($1.5 trillion) to salvage its housing sector, offering people an alternative to bank mortgages.

Docket
02:00 ET
UK Employment
Change SA – Forecast: -20k, Prior: -33k, Range: -10k / -28k
Change 3M/3M – Forecast: 40k, Prior: 112k, Range: 70k / -35k
UK Unemployment
Rate – Forecast: 4.6%, Prior: 4.5%, Range: 4.7% / 4.5%
Change – Forecast: 4.5k, Prior: -5.3
UK Average Earnings
YoY – Forecast: 5.5%, Prior: 5.5%, Range: 5.7% / 5.0%
Ex-Bonuses – Forecast: 5.3%, Prior: 5.6%, Range: 5.4% / 5.1%

05:00 ET
US-China Trade meeting

Speakers
03:10 ET
ECB’s Villeroy speaks at Europlace conference in Paris.

04:00 ET
ECB’s Holzmann speaks at presentation of Austrian National Bank’s report on financial stability.
ECB’s Rehn speaks on the impact of trade policy related uncertainty on Finland and the euro area and the recent monetary policy decisions by the ECB.