Morning Juice – Europe Session Prep

Good morning Traders.
It is Wednesday the 31st of December. Here is what to look out for today.

Sentiment
Most Federal Reserve officials saw additional interest-rate reductions as appropriate so long as inflation declines over time, though they remained divided over when and how far to cut, a record of the central bank’s December meeting showed China’s factory activity staged a surprise recovery in December, snapping an eight-month contraction streak that was the longest slump on record. China will provide nearly $9 billion to subsidize its consumer goods trade-in drive next year, extending a stimulus program aimed at shoring up domestic demand and countering external headwinds faced by the world’s No. 2 economy. Respondents to a Federal Reserve survey anticipated that the central bank’s reserve management purchases will total more than $200 billion over 12 months as part of efforts to quell pressures in money markets. CME Group will raise margins on precious-metal futures for the second time in the space of a week following a volatile period of trading that saw prices spike then retreat.