Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday, the 12th of September. Here is what to look out for today.

Sentiment

China urged Mexico to exercise the utmost prudence and think twice” before acting on plans to impose duties on goods imported from the Asia country, a representative for the Ministry of Commerce said in a statement on Thursday.

Brazil’s Supreme Court condemned Jair Bolsonaro to 27 years and three months in prison for preparing a coup following his 2022 election setback, making him the first former president convicted of such a crime in a country plagued by successful and failed power grabs.

In a joint statement, US Treasury Secretary Bessent and Japan’s Kato reaffirmed their core commitment to allowing markets to set currency rates rather than targeting exchange rates for a competitive advantage.

Bessent will meet with Chinese Vice Premier He Lifeng in Madrid to discuss trade, economic, and national security concerns, in another evidence that negotiations between the two sides are heating up.

Docket

02:00 ET
UK Manufacturing Production MoM – Forecast: 0.1%, Prior: -0.5%, Range: 0.6% / -0.6%
German HICP Final YoY – Forecast: 2.1%, Prior: 2.1%, Range: 2.2% / 2.1%
German CPI Final YoY – Forecast: 2.2%, Prior: 2.2%, Range: 2.2% / 2.2%
UK GDP Estimate
YoY – Forecast: 1.1%, Prior 1.4%
MoM – Forecast: 0%, Prior: 0.4%, Range: 0.2% / -0.2%
3M/3M – Forecast: 0.2%, Prior: 0.3%, Range: 0.4% / 0.1%

02:45 ET
French CPI YoY NSA – Forecast: 0.9%, Prior: 0.9%, Range: 0.9% / 0.9%
French CPI MoM NSA – Forecast: 0.4%, Prior: 0.4%, Range: 0.4% / 0.4%
French HICP YoY Final – Forecast: 0.8%, Prior: 0.8%, Range: 0.8% / 0.8%