Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 29th of October. Here is what to look out for today.

Sentiment
Australia’s core inflation accelerated beyond expectations last quarter, complicating the Reserve Bank’s path to further policy easing and prompting money markets to slash bets on a near- term interest-rate cut. President Donald Trump said he expects to lower tariffs the US has imposed on Chinese goods over the fentanyl crisis and speak with China’s Xi Jinping about Nvidia Corp.’s flagship Blackwell artificial intelligence chip, as leaders of the world’s biggest economies seek to ease tensions in a meeting on Thursday. US Treasury Secretary Scott Bessent called on Japan’s new government to give the nation’s central bank the space to combat inflation – marking a stark contrast with his message at home for the Federal Reserve. China pledged to “significantly” boost the share of consumption in its economy over the next five years while keeping tech and manufacturing as the top priorities, in an effort to become less reliant on exports after a steep escalation of trade tensions in 2025.

Docket
05:30 ET
BoE Consumer Credit – Forecast: 1.5B | Prior: 1.7B | Range: 1.7B / 1.4B