Morning Juice – Europe Session Prep

Good Morning Traders! This Tuesday we get a packed day of releases.

Here is what to expect for the day.

Sentiment

Australian retail sales unexpectedly dipped in March, as customers faced the potential of increased borrowing costs for an extended period. The currency fell.

China’s manufacturing activity increased for the second month in a row, the longest stretch in more than a year, raising confidence that the world’s second-largest economy’s recovery will continue.

Oil fell to its lowest point in over two weeks as talks about a possible cease-fire in the Middle East decreased the risk premium for petroleum.

Chinese President Xi Jinping is travelling to meet with the European Union for the first time in five years with a clear message: Beijing provides considerably more economic potential for the EU than the US wants to recognise.

Docket

02:45 ET
French HICP YoY Prelim
Median Forecast 2.2% | Prior 2.4% | Range 2.3%/1.9%

03:55 ET
German Unemployment Rate
Median Forecast 5.9% | Prior 5.9% | Range 6.0%/5.9%

German Unemployment Change
Median Forecast 8.0K | Prior 4.0K | Range 15.0K/-10.0K

04:00 ET
German GDP YoY Flash
Median Forecast -0.8% | Prior -0.4% | Range 0.3/-1.1%

German GDP QoQ Flash
Median Forecast 0.1% | Prior -0.3% | Range 0.2%/-0.3%

05:00 ET
Eurozone Core CPI YoY Flash
Median Forecast 2.6% | Prior 2.9% | Range 3.0%/2.4%

Eurozone CPI YoY Flash
Median Forecast 2.4% | Prior 2.4% | Range 2.5%/2.1%

Eurozone GDP YoY Prelim Flash
Median Forecast 0.2% | Prior 0.1% | Range 0.3%/0.0%

Eurozone GDP QoQ Prelim Flash
Median Forecast 0.1% | Prior 0.0% | Range 0.3%/0.1%

Speakers

08:00 ET
BoE’s Mills Speaks

Good Luck today, Traders!