Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 12th of June. Here is what to look out for today.

Sentiment
“At a certain point, we’re just going to send letters out. And I think you understand that, saying this is the deal, you can take it or leave it,” President Donald Trump told reporters Wednesday at the John F. Kennedy Center for the Performing Arts in Washington. Republican senators are considering placing a $30,000 cap on the state and local tax deduction as a compromise between current law and the more generous limit in the House’s version of President Donald Trump’s tax bill, a key GOP negotiator said US customs duties climbed to a record in May, helping shrink the budget deficit for the month, while doubts remain about the persistence of the inflows as the Trump administration negotiates with trading partners and faces a judicial challenge over its levies.

Docket
02:00 ET
UK GDP Estimate
MoM – Forecast: -0.1%, Prior: 0.2%, Range: 0.2% / -0.3%
3M/3M – Forecast: 0.7%, Prior: 0.7%, Range: 0.8% / 0.3%
UK Manufacturing Production
YoY – Forecast: 0.5%, Prior: 0.8%, Range: 1.7% / -0.8%
MoM – Forecast: -0.7%, Prior: -0.8%, Range: 0.5% / -2.0%
UK Industrial Production
YoY – Forecast: -0.2%, Prior: -0.7%, Range: 0.7% / -0.9%
MoM – Forecast: -0.5%, Prior: -0.7%, Range: 0.4% / -1.2%

Speakers
03:00 ET
ECB’s Muller & Knott speaks to Estonian parliament, presents Bank of Estonia’s annual report
ECB’s Escriva speaks at Fifth Conference on Financial Stability.
ECB’s Simkus speaks in a news conference on Lithuanian economic forecasts.

03:20 ET
RBA’s Jacobs, Head of Domestic Markets Department – Australia s Bond Market in a Volatile World – at the Australian Government Fixed Income Forum, Tokyo.

03:30 ET
ECB’s Panetta Speaks at an EIB event.

05:00 ET
ECB’s Schnabel speaks at House of the Euro in Brussels, Belgium. Slides will be made available on the ECB’s website.
ECB’s Patsilides speaks at annual AGM of Association of Cyprus Banks.