Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday, the 4th of September. Here is what to look out for today.

Sentiment

Demand for Japan’s 30-year government bond auction was about in line with the previous 12-month average. The bid-to-cover ratio was 3.31, compared to 3.43 at the last auction; the 12-month average is 3.38. The tail was 0.18, compared to 0.15 for prior sales.

China’s financial regulators are considering a number of cooling measures for the stock market as they grow concerned about the speed of a $1.2 trillion run since the beginning of August, according to sources familiar with the situation.

BoE’s Bailey placed fresh doubt on an interest-rate cut later this year, effectively backing market expectations that there will be little chance of another rate decrease at future meetings.

Chancellor Reeves believes growth is the answer to Britain’s economic challenges. On November 26, she faces the risk of having to scrap her budget.

Oil fell for the second day as markets worried that OPEC+ will raise supplies, US data indicated a slowdown, and an industry assessment showed larger stocks at a crucial storage hub.

Docket

02:30 ET
Swiss Core CPI YoY – Forecast: 0.8%, Prior: 0.8%, Range: 0.8% / 0.5%
Swiss CPI YoY – Forecast: 0.2%, Prior: 0.2%, Range: 0.3% / 0%
Swiss CPI MoM – Forecast: 0%, Prior: 0%, Range: 0.1% / -0.2%