Morning Juice – Europe Session Prep

Good Morning Traders
It is Thursday the 13th of November. Here is what to look out for today.

Sentiment
President Donald Trump signed legislation to end the longest government shutdown in US history, marking the official conclusion to a 43-day impasse that halted food aid to millions of households, canceled thousands of flights and forced federal workers to go unpaid for more than a month. Traders are increasingly skeptical that Japan’s new government will be able to shore up the yen by direct intervention as the currency slumps toward levels that previously drew authorities into the market. Oil extended a decline after slumping on Wednesday on a flurry of signs that a long-awaited surplus has finally arrived. China is heading for its longest slowdown in consumption growth since its post-Covid rebound lost steam more than four years ago, underscoring how the government’s rhetoric about supporting domestic demand has struggled to match reality. Australian unemployment declined in October and the economy added more jobs than anticipated, suggesting the labor market remains tight and vindicating the Reserve Bank’s decision to leave interest rates unchanged.

Docket
02:00 ET
UK GDP
QoQ – Forecast: 0.2% | Prior: 0.3% | Range: 0.4% / 0.1%
YoY – Forecast: 1.4% | Prior: 1.4% | Range: 1.5% / 1.3%
MoM – Forecast: 0% | Prior: 0.1% | Range: 0.2% / -0.4%
UK Manufacturing Production MoM – Forecast: -0.3% | Prior: 0.7% | Range: 0.2% / -2.5%