Morning Juice – Europe Session Prep
Good Morning Traders
It is Friday the 30th August, here is what to expect for the day.
Sentiment
August saw a spike in Tokyo inflation, which strengthens the case for the Bank of Japan to keep raising interest rates gradually while balancing the need to support the economy.
July saw a halt in the rise of retail sales in Australia as rising interest rates made consumers cut back on discretionary spending.
According to persons with knowledge of the matter, the UK’s top financial regulator plans to postpone the next round of bank capital reforms. This is just the most recent instance of a significant international regulator postponing the adjustments until the US completes its package.
Nomura is strengthening its positions in both foreign currency and emerging market trading as the markets are roiled by interest rate volatility.
As investors prepare for the Federal Reserve to lower interest rates for the first time since 2020, US bonds are expected to have their greatest run in three years.
Docket
02:45 ET
French GDP QoQ Final
Median Forecast 0.3% | Prior 0.3% | Range 0.4%/0.3%
French CPI YoY NSA Prelim
Median Forecast 1.8% | Prior 2.3% | Range 2.2%/1.6%
French CPI MoM NSA Prelim
Median Forecast 0.5% | Prior 0.2% | Range 0.7%/0.3%
French HICP YoY Prelim
Median Forecast 2.1% | Prior 2.7% | Range 2.3%/1.9%
03:55 ET
German Unemployment Rate
Median Forecast 6.0% | Prior 6.0% | Range 6.1%/6.0%
German Unemployment Change SA
Median Forecast 16k | Prior 18k | Range 25.0k/15.0k
05:00 ET
Eurozone Unemployment Rate
Median Forecast 6.5% | Prior 6.5% | Range 6.6%/6.4%
Eurozone Core CPI YoY Flash
Median Forecast 2.8% | Prior 2.9% | Range 2.9%/2.6%
Eurozone CPI YoY Flash
Median Forecast 2.2% | Prior 2.6% | Range 2.6%/2.0%
Speakers
03:05 ET
ECB’s Schnabel Speaks
03:35 ET
ECB’s Schnabel, Rehn and Kazaks Speak
03:35 ET
ECB’s Simkus and Muller Speak
Good luck!
