Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 21st of August. Here is what to look out for today.

Sentiment
Most Federal Reserve officials highlighted inflation risks as outweighing concerns over the labor market at their meeting last month, as tariffs fueled a growing divide within the central bank’s rate-setting committee.. Federal Reserve Governor Lisa Cook signaled her intention to remain at the central bank, defying calls for her resignation by President Donald Trump over allegations of mortgage fraud. China’s 30-year yield rose to its highest level this year as expectations of a favorable outcome from trade talks with the US and Beijing’s efforts to bolster the economy spur traders to switch to stocks from bonds. Yields on Japan’s super-long government bonds climbed to multi­-decade highs, driven by persistent concerns over fiscal expansion and fading demand from key investors.

Docket
03:15 ET
French PMI’s
Services – Forecast: 48.5, Prior: 48.5, Range: 49.4 / 47.3
Composite – Forecast: 48.5, Prior: 48.6, Range: 49.4 / 47.4
Manufacturing – Forecast: 48.1, Prior: 48.2, Range: 49.2 / 47

03:30 ET
German PMI’s
Services – Forecast: 50.3, Prior: 50.6, Range: 51 / 50
Composite – Forecast: 50.2, Prior: 50.6, Range: 51 / 49
Manufacturing – Forecast: 48.8, Prior: 49.1, Range: 51 / 48

04:00 ET
Eurozone PMI’s
Services – Forecast: 50.8, Prior: 51, Range: 51.5 / 49.5
Composite – Forecast: 50.6, Prior: 50.9, Range: 51.2 / 49.5
Manufacturing – Forecast: 49.5, Prior: 49.8, Range: 50.5 / 47.8

04:30 ET
UK PMI’s
Services – Forecast: 51.8, Prior: 51.8, Range: 52.4 / 51
Composite – Forecast: 51.6, Prior: 51.5, Range: 52 / 51
Manufacturing – Forecast: 48.3, Prior: 48, Range: 48.8 / 47.1