Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday, the 5th of September. Here is what to look out for today.

Sentiment

Japanese workers’ nominal pay increased at the highest rate in seven months, with real earnings rising for the first time this year, bolstering the argument for the BoJ  to consider raising interest rates in the coming months.

Trump announced that he will impose tariffs on semiconductor imports ‘very shortly,’ but would exempt goods from firms such as Apple, who have vowed to increase their US investments.

Chinese President Xi Jinping informed North Korean leader Kim Jong Un that Beijing is dedicated to developing ties with Pyongyang, confirming the two nations’ longstanding friendship in their first bilateral meeting in six years.

Trump issued an executive order Thursday implementing his trade pact with Japan, which includes a maximum 15% tax on most of its imports, including autos and parts.

Docket

02:00 ET
UK Retail Sales:
YoY – Forecast: 1.3%, Prior: 1.7%, Range: 1.8% / 0.6%
MoM – Forecast: 0.2%, Prior: 0.9%, Range: 1% / -0.5%
UK Core Retail Sales MoM – Forecast: 0.3%, Prior: 0.6%, Range: 1% / -0.1%
German Industrial Orders MoM – Forecast: 0.5%, Prior: -1%, Range 1.5% / -4%

05:00 ET
Eurozone GDP YoY Revised – Forecast: 1.4%, Prior: 1.4%, Range: 1.5% / 1.1%
Eurozone GDP QoQ Revised – Forecast: 0.1%, Prior: 0.1%, Range: 0.1% / -0.2%