Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 6th of November. Here is what to look out for today.

Sentiment
Japan’s underlying wage growth remained steady in September, keeping the Bank of Japan on its policy tightening path as markets look for triggers for the bank’s next move. President Donald Trump’s use of broad powers to impose his signature tariffs faced a barrage of skeptical questions at the Supreme Court on Wednesday that signal it may be ready to intervene. A Bank of Japan move to raise interest rates at a time when the government is calling on companies to invest more would likely send a mixed message on policy, according to the leader of Japan’s ruling coalition partner. The Federal Reserve said Wednesday it had finalized changes to its supervisory rating framework for large banks, easing the requirements for certain lenders. The Bank of Canada is planning to eliminate hundreds of jobs, about 10% of its workforce, as Prime Minister Mark Carney aims to reduce government expenses. Treasuries slid after the US government signaled that larger auction sizes are on the horizon, while signs of economic resilience hurt the odds a Federal Reserve interest-rate cut in December.

Docket
04:00 ET
Norwegian Key policy Rate
Forecast: 4% | Prior: 4% | Range: 4% / 4%

07:00 ET
BoE Bank Rate
Forecast: 4% | Prior: 4% | Range: 4% / 3.75%

Speakers
03:00 ET
ECB’s Kocher speaks at event marking 30 year’s of EU membership for Austria and Finland.

03:30 ET
ECB ‘s de Guindos participates in webinar ‘ Euro area current policy challenges’ organized by Natixis CIB Research.

07:30 ET
ECB’s Nagel joins panel discussion on global economy in Frankfurt.