Morning Juice – Europe Session Prep

Good Morning Traders
It is Tuesday, the 6th August. Here is what to expect for today:

Sentiment

According to a notification from the BOJ, officials from Japan’s Ministry of Finance, the Bank of Japan, and the Financial Services Agency will meet at 3 p.m. JST to review overseas markets. Governor Kazuo Ueda will be called to a parliamentary committee hearing either this week or early next week to be questioned about the Bank of Japan’s most recent policy decision, opposition party senior member Jun Azumi told reporters.

Mary Daly, President of the Federal Reserve Bank of San Francisco, stated that the labour market is softening and that the US central bank should begin decreasing interest rates in the next quarters, but she did not conclude that the labour market has began substantially weakening.

Japanese workers’ real earnings increased for the first time in more than two years, brightening the prospects for a consumption recovery and the emergence of a positive growth cycle long desired by the Bank of Japan.

UK Chancellor of the Exchequer Rachel Reeves refuses to rule out increasing the capital gains tax, saying that difficult decisions will be made to fund a £22 billion ($28 billion) budget black hole.

Docket

03:55 ET
German Industrial Orders MoM
Median Forecast 0.5% | Prior -1.6% | Range 2.5%/-3.6%

Speakers

01:30 ET
RBA Press Conference w/ Gov. Bullock

Good luck!