Morning Juice – Europe Session Prep
Good Morning Traders.
It is Friday the 30th of January. Here is what to look out for today.
Sentiment
The Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair, according to people familiar with the matter. President Donald Trump said Thursday he plans to announce his pick to lead the US central bank on Friday morning. Tokyo’s pace of inflation cooled more than expected and a gauge of consumer spending was weaker than consensus, backing the Bank of Japan’s gradual approach to raising interest rates without necessarily derailing it from that pursuit. President Donald Trump said he would charge a 50% tariff on aircraft from Canada sold in the US and decertify all planes made in that country until Ottawa agreed to approve certain jets made by Gulfstream, a unit of General Dynamics Corp. The UK promised greater access to Chinese markets for Britain’s services sector, including visa-free travel, after Prime Minister Keir Starmer and President Xi Jinping agreed in Beijing to build a more stable relationship. US President Donald Trump authorized his administration to slap tariffs on goods from countries that provide oil to Cuba, tightening the squeeze on the communist-run government he wants to see replaced.
Docket
01:30 ET
French GDP
QoQ – Forecast: 0.2% | Prior: 0.5% | Range: 0.4% / 0%
YoY – Forecast: 1.2% | Prior: 0.9% | Range: 1.3% / 0.9%
03:55 ET
German Unemployment
Rate – Forecast: 6.3% | Prior: 6.3% | Range: 6.4% / 6.3%
Change – Forecast: 3K | Prior: 3K | Range: 25K / 0K
04:00 ET
German GDP
QoQ – Forecast: 0.2% | Prior: 0% | Range: 0.4% / 0.1%
YoY – Forecast: 0.4% | Prior: 0.3% | Range: 0.5% / 0.2%
ECB CPI Expectations
04:30 ET
BoE Consumer Credit
Forecast: 1.7B | Prior: 2.1B | Range: 2.3B / 1.5B
05:00 ET
Eurozone GDP
QoQ – Forecast: 0.2% | Prior: 0.3% | Range: 0.4% / 0.1%
YoY – Forecast: 1.3% | Prior: 1.4% | Range: 1.5% / 1%
Eurozone Unemployment Rate
Forecast: 6.3% | Prior: 6.3% | Range: 6.4% / 6.2%
08:00 ET
German CPI
YoY – Forecast: 1.9% | Prior: 1.8% | Range: 2.3% / 1.5%
MoM – Forecast: 0% | Prior: 0% | Range: 0.2% / -0.5%
HICP YoY – Forecast: 2% | Prior: 2% | Range: 2.2% / 1.7%
HICP MoM – Forecast: -0.2% | Prior: 0.2% | Range: -0.1% / -0.6%
