Morning Juice – Europe Session Prep

Good Morning Traders
It is Thursday the 15th August, here is what to expect for the day.

Sentiment

Australia’s jobs growth topped all predictions in July, although a surging labour force pushed unemployment up marginally, demonstrating the labour market’s resilience to rising interest rates.

China’s economy failed to speed up, and unemployment increased for the first time since February, as lacklustre consumption and disappointing investment weighed on growth.

Japan’s economy returned to growth in the second quarter on the basis of an increase in private consumption, in a sign that a virtuous cycle long sought by the central bank linking growing incomes to more spending may be beginning to materialise.

Oil moved higher after a two-day dip, as worry over a possible Iranian attack on Israel overshadowed the first increase in US petroleum stockpiles in seven weeks.

Docket

02:00 ET
UK Manufacturing Production MoM
Median Forecast 0.2% | Prior 0.4% | Range 0.5%/-0.1%

UK GDP YoY Prelim
Median Forecast 0.9% | Prior 0.3% | Range 3.5%/3.2%

UK GDP QoQ Prelim
Median Forecast 0.6% | Prior 0.7% | Range 0.7%/0.3%

UK GDP Estimate YoY
Median Forecast 0.8%% | Prior 1.4%

UK GDP Estimate MoM
Median Forecast 0.0% | Prior 0.4% | Range 0.3%/-0.4%

UK GDP Estimate 3M/3M
Median Forecast 0.9%| Prior 1.1%| Range 1.4%/0.7%

Good luck!