Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 28th of November. Here is what to look out for today.

Sentiment

BoJ’s Ueda gave the clearest suggestion yet that his board may raise the benchmark interest rate this month, emphasising that any rise would simply be an adjustment in the degree of easing, and that authorities would make the appropriate decision on whether to proceed with a move.

Japan’s two-year note yield increased to its highest level since 2008, and the Yen strengthened versus the dollar on hints that the BoJ’s interest rate hike is drawing closer. China’s industrial production unexpectedly dropped in November for the first time in four months as new orders nearly stalled, according to a private poll, adding to alarming concerns about the economy’s growing recession.

China’s industrial production unexpectedly dropped in November for the first time in four months as new orders nearly stalled, according to a private poll, adding to alarming concerns about the economy’s growing recession.

Japanese firms reduced capital spending over the summer after five consecutive quarters of growth, indicating a softening in corporate mood as increased US tariffs weigh on a stuttering economy.

Oil climbed after OPEC+ indicated it will remain with its intentions to stop production hikes during the first quarter, while traders weighed the implications from Trump’s remarks regarding Venezuela.

Docket
03:50 ET
French Manufacturing PMI
Forecast: 47.8 | Prior: 47.8 | Range: 48 / 47.8

03:55 ET
German Manufacturing PMI
Forecast: 48.4 | Prior: 48.4 | Range: 48.6 / 48.4

04:00 ET
Eurozone Manufacturing PMI
Forecast: 49.7 | Prior: 49.7

04:30 ET
UK Manufacturing PMI
Forecast: 50.2 | Prior: 50.2 | Range: 50.3 / 50