Morning Juice – Europe Session Prep

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

Sentiment
Japan’s 30-year government bond auction saw the strongest demand since 2019. The bid-to-cover ratio was 4.04 vs 3.125 at the last auction; 12-month average is 3.35. The tail was 0.09 vs 0.27 for prior sale. Donald Trump’s aides and allies are discussing the possibility of making Treasury Secretary Scott Bessent the top White House economic adviser – in addition to his current job – should the president pick Kevin Hassett as the next chair of the Federal Reserve, according to people familiar with the matter. The Bank of Japan’s benchmark interest rate remains accommodative, and where exactly the neutral rate – neither stimulative nor restrictive – might reside is difficult to pin down. Governor Kazuo Ueda says.  Australia’s household spending handily surpassed expectations in October to post its biggest increase since January 2024, boosting the case for an interest-rate hike next year.

Docket
04:30 ET
UK CPI Expectations

05:00 ET
Eurozone Retail Sales
YoY – Forecast: 1.3% | Prior: 1% | Range: .5% / 1%
MoM – Forecast: 0% | Prior: -0.1% | Range: 0.3% / -0.2%