Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 20th of January. Here is what to look out for today.

Sentiment
Treasuries joined a sell-off in global bonds as the threat of US tariffs relating to Greenland undermined demand for American assets and added to concerns about Washington’s long-term fiscal position. Oil steadied as traders tracked the fallout from the US push to take control of Greenland, and concerns about a global surplus. China doesn’t hold the solution for Canada’s economic issues and isn’t a trustworthy partner, Taiwan’s top representative to Ottawa said following Prime Minister Mark Carney’s tariff deal with Xi Jinping. Federal Reserve Chair Jerome Powell plans to attend Wednesday’s Supreme Court hearing over the attempted dismissal of Fed Governor Lisa Cook by President Donald Trump, according to a person familiar with the situation.

Docket
02:00 ET
UK Employment
Change – Forecast: -20K | Prior: -38K | Range: -11K / -25K
Change 3M/3M – Forecast: 31K | Prior: -16K | Range: 80K / -25K
UK Unemployment
Rate – Forecast: 5.1% | Prior: 5.1% | Range: 5.2% / 5%

German PPI
YoY – Forecast: -2.4% | Prior: -2.3% | Range: -2.1% / -2.8%
MoM – Forecast: -0.2% | Prior: 0% | Range: 0.1% / -0.5%

05:00 ET
German ZEW
Economic Sentiment – Forecast: 50 | Prior: 45.8 | Range: 57 / 35
Current Conditions – Forecast: -76 | Prior: -81 | Range: -70 / -78.9