Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 9th of January. Here is what to look out for today.

Sentiment
China’s inflation accelerated last month at the fastest pace in nearly three years, in an upswing largely driven by higher food costs that are masking deeper deflationary pressure. Oil extended a gain as the market weighed US President Donald Trump’s threat against Iran, while also focusing on his administration’s moves to exert control over Venezuela’s exports and energy sector. Japanese households boosted spending in November in a positive sign for Prime Minister Sanae Takaichi, who oversaw passage in parliament of a large fiscal stimulus plan in the following month. Long-dated Treasuries trimmed losses after President Donald Trump called for the purchase of $200 billion of mortgage bonds in an effort to bring down housing costs

Docket
02:00 ET
German Industrial Production
YoY – Forecast: -1% | Prior: 0.8% | Range: 1% / -2.3%
MoM – Forecast: -0.7% | Prior: 1.8% | Range: 0.5% / -2.1%
German Trade
Balance – Forecast: 16.4B | Prior: 16.9B | Range: 16.9B / 15.4B
Imports – Forecast: 0.3% | Prior: -1.2% | Range: 1.3% / -0.4%
Exports – Forecast: -0.2% | Prior: 0.1% | Range: 0.5% / -2%

03:00 ET
Swiss Unemployment
Rate – Forecast: 3.1% | Prior: 2.9% | Range: 3.2% / 2.8%
Rate SA – Forecast: 3% | Prior: 3% | Range: 3.1% / 3%

05:00 ET
Eurozone Retail Sales
YoY – Forecast: 1.6% | Prior: 1.5% | Range: 1.9% / 1.5%
MoM – Forecast: 0.1% | Prior: 0% | Range: 0.5% / -0.2%