Morning Juice – Europe Session Prep
Good Morning Traders
It is Thursday the 29th August, here is what to expect for the day.
Sentiment
With its latest results on Wednesday, Nvidia Corp. fell short of investor expectations by providing an unimpressive forecast and revealing production issues with its highly anticipated Blackwell chips.
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, stated that it “may be time” to drop interest rates, but he is still awaiting further evidence to back that decision. Next month
China’s central bank fuelled rumours that it will soon begin purchasing or selling sovereign debt by adding a new section to its website dedicated to its bond trading operations.
This month, Japanese investors are expected to purchase the most foreign bonds in 17 years as expectations for foreign monetary policies fuel an increase in debt and a decrease in the cost of currency hedging.
A choppy month has seen oil prices decline for a second day, with the market focussing on Libyan supplies, important technical indications, and US inventory data.
Docket
08:00 ET
German HICP YoY Prelim
Median Forecast 2.2% | Prior 2.6% | Range 2.4%/2.0%
German CPI YoY Prelim
Median Forecast 2.1% | Prior 2.3% | Range 2.3%/1.8%
Speakers
05:15 ET
ECB’s Lane Speaks
Good luck!
