Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday, the 24th of October. Here is what to look out for today.

Sentiment

China committed to boost technical self-reliance and grow the domestic market in the next five years, as it attempts to simultaneously insulate the economy from external pressures and build a sustainable engine for growth.

Japan’s key price indicator increased in response to rising energy costs, putting the BoJ on track for more rate hikes and highlighting a crucial problem for new PM Takaichi.

French President Macron has advised EU leaders to consider using the bloc’s most powerful trade tool against China if they are unable to reach an agreement on Beijing’s planned export limits on crucial raw resources.

Applications for US unemployment benefits increased last week, according to analysis of unadjusted state-level files published during the federal government shutdown.

Docket
02:00 ET
UK Retail Sales
YoY – Forecast: 0.4% | Prior: 0.7%
MoM – Forecast: -0.4% | Prior: 0.5%

Core Retail Sales
YoY – Forecast: 0.6% | Prior: 1.2%
MoM – Forecast: -0.6% | Prior: 0.8%

03:15 ET
French PMI Flash
Services – Forecast: 48.7 | Prior: 48.5
Manufacturing – Forecast: 48.2 | Prior: 48.2
Composite – Forecast: 48.4 | Prior: 48.1

03:30 ET
German PMI Flash
Services – Forecast: 51 | Prior: 51.5
Manufacturing – Forecast: 49.5 | Prior: 49.5
Composite – Forecast: 51.5 | Prior: 52

04:00 ET
Eurozone PMI Flash
Services – Forecast: 51.2 | Prior: 51.3
Manufacturing – Forecast: 49.8 | Prior: 49.8
Composite – Forecast: 51.1 | Prior: 51.2

04:30 ET
Eurozone PMI Flash
Services – Forecast: 51 | Prior: 50.8
Manufacturing – Forecast: 46.6 | Prior: 46.2
Composite – Forecast: 50.5 | Prior: 50.1