Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 4th of November. Here is what to look out for today.

Sentiment
Australia’s central bank held its key interest rate steady, warning of stronger inflationary pressures in the economy and re­affirming that future moves will be guided by incoming data; Governor Michele Bullock says the RBS didn’t consider a rate cut or a hike Tuesday, adding that there may or may not be more rate cuts in future. Federal Reserve Governor Lisa Cook said she sees the risk of further labor-market weakness as greater than the risk that inflation will pick up, but stopped short of endorsing another interest-rate cut next month. China called on the US to avoid four sensitive issues so a trade truce sealed between Presidents Donald Trump and Xi Jinping can hold, highlighting the broad array of disagreements that will test ties. The Commerce Department and Pentagon on Monday pledged financing and potential equity stakes in a domestic producer of rare-earth magnets that are at the center of an ongoing trade war with China, the world’s dominant supplier. Federal Reserve Governor Stephen Miran said monetary policy remains restrictive and that he will continue to advocate for outsize interest-rate cuts.

Speakers
02:40 ET
ECB President Lagarde gives keynote speech on euro zone in Sofía, Bulgaria. The text will be made available on the ECB’s website.

02:55 ET
ECB’s Patsalides speaks to The Economist on economic growth and banking in a fragmented world.

04:00 ET
ECB’s Escrivá speaks at Santander International Banking Conference.

05:00 ET
ECB President Lagarde holds press conference at event on euro zone in Sofia, Bulgaria.
ECB’s Rehn speaks on the Outlook for the Euro Area and Finnish Economy in a Time of Uncertainty at a Public Hearing of the Parliamentary Committee on Economic Affairs.

06:35 ET
Fed’s Bowman speaks on banking supervision and monetary policy at 2025 Santander International Banking Conference.

06:40 ET
BoE’s Breeden speaks in a fireside chat at the Santander International banking conference in Madrid.