Morning Juice – Europe Session Prep
Good Morning Traders.
It is Thursday the 20th of October. Here is what to look out for today.
Sentiment
The Bank of Japan kept its benchmark rate unchanged with two dissenters calling for a rate hike at its first meeting since Sanae Takaichi, a supporter of monetary easing, became prime minister last week. Federal Reserve Chair Jerome Powell’s blunt warning that investors need to rein in expectations for a December interest- rate cut underscored a growing tug-of-war among US policymakers who are opposed in their outlooks for jobs and inflation. US President Donald Trump said he and Chinese President Xi Jinping would have “a very successful meeting” on Thursday to quell an expansive trade fight that has shaken global markets The progressive Democrats 66 party was on track to win the Dutch parliamentary election after voters dealt a blow to Geert Wilders’ far-right Freedom Party and threw support behind mainstream political groups.. US President Donald Trump and South Korean President Lee Jae Myung finalized a trade deal Wednesday, capping months of negotiation over implementation of a framework agreement struck in July. Nvidia achieved a historic $5 trillion market capitalization on Wednesday as Chief Executive Officer Jensen Huang’s spree of deals catapults the artificial intelligence frenzy to new heights.
Docket
02:30 ET
French GDP
QoQ – Forecast: 0.2% | Prior: 0.3% | Range: 0.3% / 0%
YoY – Forecast: 0.6% | Prior: 0.8% | Range: 0.7% / 0.4%
04:00 ET
Swiss KOF Indicator
Forecast: 98.4 | Prior: 98 | Range: 99 / 96.5
04:55 ET
German Unemployment
Rate – Forecast: 6.3% | Prior: 6.3% | Range: 6.4% / 6.2%
Change – Forecast: 8K | Prior: 14K | Range: 25K / -7K
05:00 ET
German GDP
QoQ – Forecast: 0% | Prior: -0.3% | Range: 0.2% / -0.2%
YoY – Forecast: 0.2% | Prior: 0.2% | Range: 0.4% / 0.1%
06:00 ET
Eurozone GDP
QoQ – Forecast: 0.1% | Prior: 0.1% | Range: 0.3% / -0.2%
YoY – Forecast: 0.2% | Prior: 0.2% | Range: 0.4% / 0.1%
Eurozone Unemployment Rate
Forecast: 6.3% | Prior: 6.3% | Range: 6.4% / 6.2%
