Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 1st of July. Here is what to look out for today.

Sentiment
The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft. President Donald Trump threatened to impose a fresh tariff level on Japan, while his top economic adviser said the White House aims to finalize deals with partners after the July 4 holiday. Senate Republican leaders continue to scrounge for votes to pass Donald Trump’s $3.3 trillion tax and spending bill as lingering intraparty fights threaten to upend the legislative centerpiece of the president’s domestic agenda. China’s manufacturing activity rebounded in June, according to a private survey, suggesting relief after a trade-war truce with the US

Docket
02:00 ET
UK Nationwide House Price
YoY – Forecast: 3.1%, Prior: 3.5%, Range: 3.6% / 2.7%
MoM – Forecast: 0.1%, Prior: 0.5%, Range: 0.3% / -0.5%

03:50 ET
French Manufacturing PMI
Forecast: 47.8, Prior: 47.8, Range: 48.0 / 47.8

03:55 ET
German Manufacturing PMI
German Unemployment
Forecast: 49.0, Prior: 49.0, Range: 49.2 / 49.0
Rate – Forecast: 6.4%, Prior: 6.3%, Range: 6.4% / 6.3%
Change – Forecast: 15.0k, Prior: 34.0k, Range: 25.0k / 10.0k

04:00 ET
Eurozone Manufacturing PMI
Forecast: 49.4, Prior: 49.4, Range: 49.6 / 49.2

04:30 ET
UK Manufacturing PMI
Forecast: 47.7, Prior: 47.7, Range: 48.0 / 47.7

05:00 ET
Eurozone CPI
YoY – Forecast: 1.8%, Prior: 2.1%, Range: 2.0% / 1.9%
MoM – Forecast: 0.3%, Prior: 0.0%, Range: 0.4% / 0.1%
Core YoY – Forecast: 2.0%, Prior: 1.9%, Range: 2.1% / 1.8%