Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 21st of January. Here is what to look out for today.

Sentiment
Trump indicated that he saw the trade deal with Europe as a reason the bloc wouldn’t follow through with its threat – while shrugging off European officials who had threatened a trade “bazooka” in retaliation, in an interview with NewsNation. Oil fell as US President Donald Trump’s attempts to annex Greenland sent jitters through wider markets, and traders waited for fresh insights into the global crude balance from the International Energy Agency. Japan’s longer-maturity bonds rebounded after Finance Minister Satsuki Katayama called for calm among market participants following a rout that pushed yields to all-time highs Months after President Donald Trump attempted to fire Federal Reserve Governor Lisa Cook over unproven mortgage fraud allegations, the case will get a hearing before the Supreme Court.

Docket
02:00 ET
UK CPI
YoY – Forecast: 3.3% | Prior: 3.2% | Range: 3.6% / 3%
MoM – Forecast: 0.4% | Prior: -0.2% | Range: 0.6% / 0.1%
Core YoY – Forecast: 3.3% | Prior: 3.2% | Range: 3.5% / 3.1%
RPI MoM – Forecast: 0.6% | Prior: -0.4% | Range: 0.9% / 0.4%
PPI Input
YoY – Forecast: 1% | Prior: 1.1% | Range: 1.1% / 0.8%
MoM – Forecast: -0.1% | Prior: 0.3% | Range: 0.1% / -0.3%
PPI Output
YoY – Forecast: 3.4% | Prior: 3.4% | Range: 3.5% / 3.4%
MoM – Forecast: 0.1% | Prior: 0.1% | Range: 0.3% / 0%

04:00 ET
IEA Monthly Report

07:00 ET
UK CBI Orders
Forecast: -33 | Prior: -32 | Range: -29 / -35