Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 12th of December. Here is what to look out for today.

Sentiment

The Federal Reserve Board of Governors overwhelmingly renewed 11 of the central bank’s regional presidents for new five-year terms. The reappointments answer, for the time being, a fundamental question about the future composition of the central bank’s policymaking committee.

The BoJ will raise its policy interest rate next week, resuming the hike cycle for the first time since January, according to a survey of BoJ observers.

Foreign corporate insiders would have to reveal when they acquire or sell firm stock under a clause included in the House-passed defence authorisation measure, which supporters describe as eliminating a loophole that damages US investors.

President Zelenskiy has broached the idea of allowing Ukrainians to vote on whether to hand over the Donbas territory to Russia, as Kyiv faces increasing pressure to comply to the terms of an emerging US peace proposal.

Trump said the US would be willing to offer help to Ukraine as part of a security pact to end the war with Russia, but he continued to voice impatience with the speed of negotiations.

Docket
02:00 ET
UK Manufacturing Production MoM – Forecast: 1.1% | Prior: -1.7% | Range: 1.5% / 0.6%

German HICP Final YoY – Forecast: 2.6% | Prior: 2.6% | Range: 2.6% / 2.5%

German CPI Final YoY – Forecast: 2.3% | Prior: 2.3% | Range: 2.3% / 2.2%

UK GDP Estimate
YoY – Forecast: 0.9% | Prior: 1.1% |
MoM – Forecast: 0.1% | Prior: -0.1% | Range: 0.2% / 0%
3M/3M – Forecast: 0% | Prior: 0.1% | Range: 0.1% / -0%

02:45 ET
French HICP YoY Final – Forecast: 0.8% | Prior: 0.8%

French CPI
YoY NSA – Forecast: 0.9% | Prior: 0.9% |
MoM NSA – Forecast: -0.1% | Prior: -0.1% |