Morning Juice – Europe Session Prep
Good Morning Traders! This Tuesday we get UK Unemployment and German inflation data.
Here is what to expect for the day.
Sentiment
Japan’s five-year bond auction saw sluggish market enthusiasm, lowering a demand indicator to the worst since March 2023, on worries the central bank could slash bond-buying amount at regular operations after doing so on Monday.
Japanese Minister of Finance Shunichi Suzuki emphasised the necessity of coordination and collaboration between the government and the Bank of Japan to ensure they do not inhibit each other in accomplishing their policy objectives.
Oil rose before the release of OPEC’s market outlook, with traders waiting for signals on whether supply cuts would be prolonged and US inflation data that will impact expectations for monetary policy.
Docket
02:00 ET
UK Unemployment Rate
Median Forecast 4.3% | Prior 4.2% | Range 4.4%/4.2%
UK Employment Change SA
Median Forecast 20k | Prior -67k | Range 2000k/-80k
German HICP Final YoY
Median Forecast 2.4% | Prior 2.4% | Range 2.4%/2.4%
German CPI Final YoY
Median Forecast 2.2% | Prior 2.2% | Range 2.2%/2.2%
UK Unemployment Change
Median Forecast 13.9k | Prior 10.9k
05:00 ET
German ZEW Economic Sentiment
Median Forecast 46 | Prior 42.9 | Range 55.0/40.0
German ZEW Current Conditioins
Median Forecast -76.3 | Prior -79.2 | Range -70.0/-78.9
Speakers
03:30 ET
BoE’s Pill Speaks
Earnings
06:30 ET
Alibaba Q4 2024 Earnings
Est. Rev. $30.36B | Est. EPS $0.87
Good Luck today, Traders!
