Morning Juice – Europe Session Prep
Good Morning Traders
It is Friday, the 11th October, here is what to expect for the day.
Sentiment
Three Federal Reserve Officials Dismiss CPI Report, Bostic Open to Halt
In a phone conversation with Emmanuel Bonne, the diplomatic counsellor to the French president, Foreign Minister Wang Yi expressed China’s hope that France would see the country’s economic and trade relations with the EU as positive and open.
Analysts and investors anticipate that Beijing would implement new fiscal stimulus totalling up to 2 trillion yuan ($283 billion) in an effort to support the world’s second-largest economy and increase confidence.
Vice President Antoine Martin says the Swiss National Bank may need to reduce borrowing prices once more due to the country’s output and inflation patterns.
Docket
02:00 ET
UK Manufacturing Production MoM
Median Forecast 0.2% | Prior -1.0% | Range0.8%/-0.3%
German HICP Final YoY
Median Forecast 1.8% | Prior 1.8% | Range 1.8%/1.8%
UK GDP Estimate YoY
Median Forecast 1.4% | Prior 1.2%
UK GDP Estimate MoM
Median Forecast 0.2% | Prior 0.0%| Range 0.4%/0.0%
UK GDP Estimate 3M/3M
Median Forecast 0.3% | Prior 0.5%| Range 0.4%/0.1%
German CPI Final YoY
Median Forecast 1.6% | Prior 1.6%| Range 1.6%/1.6%
Good luck!
