Morning Juice – Europe Session Prep

Good Morning Traders.
it is Monday the 30th of June. Here is what to look out for today.

Sentiment
China’s factory activity improved for a second month but remained in contraction, as trade rebounds after the ceasefire in the tariff war with the US while weak domestic demand weighs on the economy. The Senate version of President Donald Trump’s tax and spending measure would add nearly $3.3 trillion to US deficits over a decade, according to a new estimate from the nonpartisan Congressional Budget Office. President Donald Trump said he doesn’t think he’ll need to extend the July 9 trade deadline he has imposed on countries to secure deals with the US to avoid higher tariffs 0PEC+ is set to consider extending its run of super-sized production increases at a meeting next month, as group leader Saudi Arabia leads a push to recoup market share Japan’s factory output rose less than expected in May, missing analysts’ estimates as US tariffs hit the nation’s exports, clouding the outlook for the Asian economy as it faces the risk of a technical recession.

Docket
02:00 ET
UK GDP
QoQ – Forecast: 0.7%, Prior: 0.7%, Range: 0.7% / 0.7%
YoY – Forecast: 1.3%, Prior: 1.3%, Range: 1.3% / 1.3%
Current Account – Forecast: -20.3b, Prior: -21.0b, Range: -17.6b / -24.5b
German Retail Sales
YoY – Forecast: 3.6%, Prior: 4.0%, Range: 5.7% / -4.9%
MoM – Forecast: 0.5%, Prior: -1.1%, Range: 1.0% / -0.3%

03:00 ET
Swiss KOF
Forecast: 99.3, Prior: 98.5, Range: 100.0 / 96.5

04:30 ET
BoE Consumer Credit
Forecast: 1.1b, Prior: 1.6b, Range: 1.4b / 0.8b

08:00 ET
German CPI
YoY – Forecast: 2.2%, Prior: 2.1%, Range: 2.3% / 1.9%
MoM – Forecast: 0.2%, Prior: 0.1%, Range: 0.3% / -0.1%
HICP YoY – Forecast: 2.2%, Prior: 2.1%, Range: 2.4% / 1.9%
HICP MoM – Forecast: 0.3%, Prior: 0.2%, Range: 0.5% / 0.0%