Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 7th of July. Here is what to look out for today.

Sentiment
Media reports that claim Prime Minister Sanae Takaichi’s administration is attempting to steer interest rates lower aren’t accurate at all, according to Japan’s Growth Strategy Minister Minoru Kiuchi. Japanese wages climbed again in May, comfortably outpacing inflation and reinforcing the Bank of Japan’s stance toward raising interest rates. Hedge funds turned the most negative on the yen since 2007 as the currency trades near its weakest level in four decades. Oil gained following reports of attacks on vessels in the Strait of Hormuz, highlighting continued risks to traffic in the waterway. Samsung Electronics Co.’s quarterly profit surged 19-fold but failed to impress investors used to eye-catching growth from the suppliers of AI chips. The UK government should reverse a decision to freeze the earnings level at which graduates begin repaying their student loans, an influential panel of lawmakers said. China’s central bank announced measures to expand an investment channel between Hong Kong’s financial market and the mainland, and to enhance the city’s role in promoting overseas use of the yuan.

Docket
02:00 ET
Gerrman Industrial Production
YoY – Forecast: -0.6% | Prior: -0.5% | Range: 0.8% / -1.1%
MoM – Forecast: 0.1% | Prior: 0.4% | Range: 1% / -2.5%

05:30 ET
FPC Meeting Minutes

05:30 ET
BoE Financial Stability Report