Morning Juice – Europe Session Prep
Good Morning Traders.
It is Monday the 15th of September. Here is what to look out for today.
Sentiment
China’s economic activity slowed more than expected for a second straight month with a sharp slump in investment, adding to the likelihood that policymakers will roll out more stimulus to ensure growth stays on track to hit the official target. US and Chinese representatives discussed TikTok, trade and the economy during a day of high-level talks in Madrid, a senior Treasury official said, as diplomacy between the world’s two biggest economies intensifies. Macro hedge funds have increased bets on the Australian dollar, boosting exposure to options that pay off if the currency continues climbing against major peers, traders say President Donald Trump predicted a “big cut” from the Federal Reserve this week ahead of a pivotal meeting at which the central bank’s governors are expected to ease policy for the first time in nine months. The Chinese bond selloff that drove benchmark yields to the highest level in nine months last week is spurring speculation the central bank is moving closer to restarting debt purchases.
Docket
US China Trade Talks
04:00 ET
ECB Survey of Monetary Analysts
05:00 ET
Eurozone Trade Balance – Forecast: 12B, Prior: 3B, Range: 15B / 5B
