Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 13th of August. Here is what to look out for today.

Sentiment
Treasury Secretary Scott Bessent suggested that the Federal Reserve ought to be open to a bigger, 50 basis-point cut in the benchmark interest rate next month, after having skipped a move at the last meeting. Australia’s annual wage growth remained elevated last quarter, underscoring a tight labor market and persistently weak productivity – a key challenge for the Reserve Bank as it seeks to rein in cost pressures. Japan’s five-year government bond auction saw a demand ratio that was weaker than the 12-month average. The ratio was the lowest since 2020. Treasury Secretary Scott Bessent dismissed the possibility that Chinese investments in the US could be part of any trade pact, comments that narrow the options for the two sides to resolve their running dispute. Beijing has urged local companies to avoid using Nvidia Corp.’s H20 processors, particularly for government-related purposes, complicating the chipmaker’s return to China after the Trump administration reversed an effective US ban on such sales.

Docket
02:00 ET
German CPI
YoY – Forecast: 2.0%, Prior: 2.0%, Range: 2.0% / 2.0%
MoM – Forecast: 0.3%, Prior: 0.3%, Range: 0.3% / 0.3%
HICP YoY – Forecast: 1.8%, Prior: 1.8%, Range: 1.9% / 1.8%
HICP MoM – Forecast: 0.4%, Prior: 0.4%, Range: 0.4% / 0.4%

04:00 ET
IEA Monthly Report