Morning Juice – Europe Session Prep

Good Morning Traders
It is Wednesday, the 7th August. Here is what to expect for today:

Sentiment

Shinichi Uchida, Deputy Governor of the Bank of Japan, delivered a strong dovish signal in the aftermath of Japan’s historic financial market volatility by promising not to raise interest rates when markets are unstable.

China’s exports increased for the fourth consecutive month, but this increase is unlikely to be enough to boost the economy in the absence of more domestic expenditure.

According to a national head-to-head poll conducted by NPR/PBS News/Marist, Kamala Harris leads Donald Trump by 51%-48% among registered voters.

The new chancellor of the exchequer of the United Kingdom has made reviving the country’s ailing economy a top priority. However, two recognised study groups believe that her initial actions on the job may push that aim even further out of reach.

Oil prices remained stable after recovering from a global market downturn, as investors braced for a retaliatory assault from Iran on Israel.

Corporate borrowers sold investment-grade bonds at the fastest rate since 2020, taking advantage of lower yields to issue debt ahead of the November election, despite a market rout Monday that briefly froze the market.

Docket

02:00 ET
German Industrial Production YoY SA
Median Forecast -4.2% | Prior -6.67% | Range -3.1%/-5.0%

German Industrial Production MoM
Median Forecast 1.0% | Prior -2.5% | Range 3.0%/-0.4%

Speakers

07:00 ET
ECB’s Rehn Speaks

Good luck!