Morning Juice – Europe Session Prep
Good Morning Traders.
It is Friday the 6th of February. Here is what to look out for today.
Sentiment
The Bank of Japan needs to continue raising its benchmark interest rate to complete the process of normalizing its monetary policy settings, according to board member Kazuyuki Masu. Donald Trump endorsed Japanese Prime Minister Sanae Takaichi ahead of a lower house election set for Sunday that polls suggest will hand Takaichi a resounding victory. Australia’s central bank is trying to determine whether a surge in inflation is temporary or more entrenched, Governor Michele Bullock told lawmakers, sidestepping attempts to pin responsibility on government spending. Four of the biggest US technology companies together have forecast capital expenditures that will reach about $650 billion in 2026 – a mind-boggling tide of cash earmarked for new data centers and the long list of equipment needed to make them tick, including artificial intelligence chips, networking cables and backup generators.
Docket
02:00 ET
German Industrial Production
YoY – Forecast: 1.9% | Prior: 0.8% | Range: 3.2% / 1.2%
MoM – Forecast: -0.3% | Prior: 0.8% | Range: 1.4% / -1.5%
German Trade
Imports – Forecast: 0.2% | Prior: 0.8% | Range: 0.9% / -2.1%
Exports – Forecast: 1.1% | Prior: -2.5% | Range: 2% / -0.5%
Balance – Forecast: 14.1B | Prior: 13.1B | Range: 15.4B / 13.3B
04:00 ET
ECB Survey of Forecasters
