Morning Juice – Europe Session Prep
Good Morning Traders
It is Tuesday the 10th September, here is what to expect for the day.
Sentiment
Unexpectedly, China’s exports increased in August, giving its economy, which was suffering from deflationary pressures, a rare boost. However, this has increased trade tensions with other countries.
Australian consumers were pessimistic and business confidence plummeted, highlighting growing apprehension about the employment market as the economy struggles with rising interest rates.
Stalking with deflation Since last year, China’s economy has been spiralling out of control, posing a threat to the world’s second-largest economy’s future and prompting calls for swift policy changes.
According to persons familiar with the subject, regulators agreed to broad adjustments to a proposed set of rules, which meant that the largest US banks would face a 9% rise in capital requirements, a major departure from the original proposal.
Docket
02:00 ET
UK Unemployment Rate
Median Forecast 4.1% | Prior 4.2% | Range 4.4%/4.0%
UK Employment Change SA
Median Forecast 25k | Prior 24k | Range 30k/10k
UK Unemployment Change SA
Median Forecast 95.5k | Prior 135.0k
German HICP Final YoY
Median Forecast 2.0% | Prior 2.0% | Range 2.0%/2.0%
Good luck!
