Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 18th of February. Here is what to look out for today.

Sentiment
New Zealand’s central bank held interest rates at the lowest level in 3-1/2 years and expects them to remain there for a period while economic activity regathers momentum.
Japan should refrain from cutting its sales tax to avoid fanning fiscal risks, the International Monetary Fund said, as Prime Minister Sanae Takaichi prepares to speed up debate on a potential suspension of the tax on food. Japan plans to invest $36 billion in US oil, gas and critical mineral projects, the first tranche of its $550 billion commitment under the trade agreement it struck with President Donald Trump. A Japanese bond futures contract that lay dormant for years is emerging as a popular hedging and positioning tool for overseas investors who are ramping up exposure to Japan’s super-long bonds.

Docket
02:00 ET
UK CPI
YoY – Forecast: 3% | Prior: 3.4% | Range: 3.3% / 2.9%
MoM – Forecast: -0.5% | Prior: 0.4% | Range: -0.2% / -0.6%
Core YoY – Forecast: 3% | Prior: 3.2% | Range: 3.2% / 2%
Services CPI YoY – Forecast: 4.3% | Prior: 4.5% | Range: 4.6% / 4.1%
PPI Output Prices
YoY – Forecast: 2.9% | Prior: 3.4% | Range: 3% / 2.8%
MoM – Forecast: 0.2% | Prior: 0% | Range: 0.2% / 0.1%
PPI Input Prices
YoY – Forecast: 0.3% | Prior: 0.8% | Range: 1.1% / -0.1%
MoM – Forecast: 0.4% | Prior: -0.2% | Range: 0.5% / 0.1%

02:45 ET
French CPI
YoY – Forecast: 0.3% | Prior: 0.3% | Range: 0.4% / 0.3%
MoM – Forecast: -0.3% | Prior: -0.3% | Range: -0.3% / -0.3%
HICP YoY – Forecast: 0.4% | Prior: 0.4% | Range: 0.4% / 0.4%
HICP MoM – Forecast: -0.4% | Prior: -0.4% | Range: -0.4% / -0.4%