Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday, the 11th of September. Here is what to look out for today.

Sentiment

RBNZ’s Hawkesby, maintained that the bank’s central projection is for the Official Cash Rate to fall by another half-percentage point by the end of the year, albeit the speed of reductions will depend on incoming data.

Mexico is to slap tariffs of up to 50% on vehicles and other products manufactured by China and numerous Asian exporters, aligning the country more closely with US protectionism as President Sheinbaum prepares to negotiate North America’s free-trade agreement.

Bond traders are bracing for a high-stakes US inflation data that might hurt their bets on a massive sequence of Fed interest-rate cuts beginning this month and stretching into 2026.

According to a survey, the majority of BoJ observers expect authorities to raise the benchmark interest rate by January, with the proportion picking next month as the likely timing dwindles following PM Ishiba’s resignation, which has heightened political instability.

Docket
08:00 ET
OPEC Monthly Report (Tentative)

08:15 ET
ECB Interest Rate – Forecast: 2.15%, Prior: 2.15%, Range: 2.15%
ECB Deposit Rate – Forecast: 2%, Prior: 2%, Range: 2%

08:45 ET
ECB Press Conference w/ Pres. Lagarde