Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday, the 19th of December. Here is what to look out for today.

Sentiment
Japan’s key inflation index remained at 3% for the second month, indicating continued pricing pressure just hours before the BoJ is widely expected to raise borrowing prices to their highest level in three decades.

The NYSE and Nasdaq said they will not change their trading schedules on December 24th and 26th, after Trump’s unilateral order to close the federal government on those dates.

After long-awaited official data revealed that underlying US inflation fell to a four-year low in November, experts agreed on at least one thing: something was wrong. The underlying US inflation grew in November at the weakest annual rate since early 2021, a surprising improvement in a data muddied by the government shutdown.

EU leaders agreed to lend Ukraine €90 billion ($106 billion) over the next two years, hoping to enhance Kyiv’s negotiating position and keep the war-torn country afloat.

Docket
02:00 ET
UK Retail Sales
YoY – Forecast: 0.9% | Prior: 0.2% | Range: 1.9% / -0.9%
MoM – Forecast: 0.3% | Prior: -1.1% | Range: 1.3% / -1.5%
Core MoM – Forecast: 0.1% | Prior: -1% | Range: 1.3% / -1.6%