Morning Juice – Europe Session Prep

Good Morning Traders
It is Friday, the 9th August. Here is what to expect for today:

Sentiment

China’s consumer prices climbed more than predicted, providing promise for a resurgence in domestic demand, which has dragged on GDP this year.

Tom Barkin, President of the Federal Reserve Bank of Richmond, stated that the central bank has time to analyse whether the US economy is normalising or softening in a way that would need authorities to intervene more forcefully.

Republican contender Donald Trump stated that the president should have some power over interest rates and monetary policy, which would contradict the established practice of the US Federal Reserve being independent of political players.

President Jeffrey Schmid of the Federal Reserve Bank of Kansas City indicated that he is not ready to support a drop in interest rates with inflation above goal and the labour market continuing healthy despite some softening.

BlackRock and Vanguard face another round of examination from the Federal Deposit Insurance Corporation, which aims to keep the huge asset managers from swaying banks in which they have significant investments.

Docket

02:00 ET
German  HICP Final YoY
Median Forecast 2.6% | Prior 2.6% | Range 2.6%/2.5%

German CPI Final YoY
Median Forecast 2.3% | Prior 2.3% | Range 2.3%/2.3%

Good luck!