Morning Juice – Europe Session Prep

Good morning Traders.
It is Wednesday the 3rd of December. Here is what to look out for today.

Sentiment
Australia’s economy grew at a surprisingly softer pace last quarter, clouding the picture on its underlying strength and suggesting markets may have been premature in pricing interest- rate hikes. Australia’s central bank is closely monitoring inflation pressures and is ready to act in the event they show signs of regaining strength, Governor Michele Bullock said Wednesday, a hint that officials may yet have to pivot back toward tightening. The European Union has reached a deal to phase out Russian natural gas by 2027, the latest move to ratchet up pressure on Moscow over its invasion of Ukraine. China’s services activity expanded at the weakest pace in five months, a private survey showed, adding more evidence of sluggish consumer demand that’s putting further pressure on a slowing economy.

Docket
02:30 ET
Swiss CPI
YoY – Forecast: 0.1% | Prior: 0.1% | Range: 0.2% / 0.9%
MoM – Forecast: -0.1% | Prior: -0.3% | Range: 0.2% / -0.3%

03:50 ET
French PMI’s
Services – Forecast: 50.8 | Prior: 50.8 | Range: 51 / 49.6
Composite – Forecast: 49.9 | Prior: 49.9 | Range: 50.1 / 49.6

03:55 ET
German PMI’s
Services – Forecast: 52.7 | Prior: 52.7 | Range: 52.9 / 52.7
Composite – Forecast: 52.1 | Prior: 52.1 | Range: 52.1 / 52.1

04:00 ET
Eurozone PMI’s
Services – Forecast: 50.5 | Prior: 50.5 | Range: 50.8 / 50.5
Composite – Forecast: 52.4 | Prior: 52.4 | Range: 52.5 / 52.1

04:30 ET
UK PMI’s
Services – Forecast: 50.5 | Prior: 50.5 | Range: 50.8 / 50.5
Composite – Forecast: 50.5 | Prior: 50.5 | Range: 50.8 / 50.3