Morning Juice – Europe Session Prep
Good Morning Traders! This Tuesday we get Eurozone CPI and the unemployment rate.
Here is what to expect for the day.
Sentiment
The European Central Bank does not yet have adequate proof that inflation dangers have passed, President Christine Lagarde said, adding to predictions that authorities would take a break from decreasing interest rates this month.
Leaders of France’s largest political parties reached out to voters from across the political spectrum as the struggle for the second round of the French legislative election grows into a frenetic dash for parliamentary seats.
Australia’s central bank considered the argument to maintain interest rates at a 12-year high in June as the “stronger one” since recent data hadn’t been sufficient to modify its long-held estimate that inflation would return to goal by 2026.
Oil rose at a two-month high, breaking out of its previous trading range on an escalation of tensions in the Middle East and concerns over the early start to the Atlantic hurricane season.
Docket
05:00 ET
Eurozone CPI MoM Final
Median Forecast 0.2% | Prior 0.2% | Range 0.4%/0.0%
Eurozone Unemployment Rate
Median Forecast 6.4% | Prior 6.4% | Range 6.6%/2.8%
Eurozone Core CPI YoY Flash
Median Forecast 2.8% | Prior 2.9% | Range 2.9%/2.5%
Eurozone CPI YoY Flash
Median Forecast 2.5% | Prior 2.6% | Range 2.7%/2.3%
Speakers
03:30 ET
ECB’s de Guindos Speaks
03:40 ET
Fed’s Goolsbee Speaks
04:30 ET
ECB’s Elderson Speaks
06:30 ET
ECB’s Schnabel Speaks
Good Luck today, traders!
