Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday, the 2nd of September. Here is what to look out for today.

Sentiment

Trump stated that India has offered to lower its tariff rates in response to the US’ implementation of 50% tariffs last week as punishment for its purchases of Russian oil.

BoJ’s Himino restated the bank’s long-standing policy of raising the benchmark rate if conditions allow, but avoided giving any suggestions as to when this would happen, sending the Yen down.

Chinese investors are borrowing an unprecedented amount of money to buy domestic equities, fuelling a liquidity-driven rise that shows no signs of slowing.

Gold reached a new high as the prospect of Fed rate reduction and mounting doubts about the central bank’s future fuelled the multiyear rally in precious metals.

Docket
05:00 ET
Eurozone CPI:
MoM Flash- Forecast: 0.1%, Prior: 0%, Range: 0.3% / 0.1%
YoY Flash- Forecast: 2.1%, Prior: 2%, Range: 2.2% / 1.9%

Eurozone Core CPI YoY Flash – Forecast: 2.2%, Prior: 2.3%, Range: 2.4% / 2.1%