Morning Juice – Europe Session Prep

Good Morning Traders
It is Friday, the 27th September, here is what to expect for the day.

Sentiment

China slashed a key policy rate and reduced the amount of cash banks had to hold on hand on Friday as part of a significant stimulus plan that was presented this week and is intended to boost investor confidence and the flagging economy.

The ruling party of Japan selects a new national leader on Friday while its members decide whether to keep moving the country away from an excessive reliance on central bank support, accelerate a slow-moving reform process, or go back towards excessive stimulus.

After retiring Prime Minister Fumio Kishida restored energy subsidies this month to assist households in enduring one of the hottest summers on record, consumer inflation in Tokyo decreased.

Lisa Cook, the governor of the Federal Reserve, stated that she “wholeheartedly” supported the central bank’s decision to lower interest rates by half a percentage point last week, citing a weakening labour market and declining inflation.

Oil prices continued their steep two-day decrease, setting up a significant weekly decline due to expectations of increased production from OPEC members Libya and Saudi Arabia.

Docket

02:45 ET
French CPI YoY NSA Prelim
Median Forecast 1.6% | Prior 1.8% | Range 2.0%/1.4%

French CPI MoM NSA Prelim
Median Forecast -0.7% | Prior 0.5% | Range -0.6%/-1.0%

French HICP YoY Prelim
Median Forecast 1.9% | Prior 2.2% | Range 2.3%/1.8%

03:55 ET
German Unemployment Rate
Median Forecast 6.0% | Prior 6.0% | Range 6.1%/6.0%

German Unemployment Change SA
Median Forecast 13.5k | Prior 2k | Range 25.0k/5.0k

Speakers

03:15 ET
ECB’s Rehn Speaks

04:15 ET
ECB’s Lane Speaks

05:40 ET
ECB’s Cipollone Speaks

Good luck!