Morning Juice – Europe Session Prep
Good morning, Traders.
It is Friday, the 18th of October, here is what to expect for the day.
Sentiment
Despite encouraging indications last month, China’s economic growth slowed in the third quarter as policymakers increased stimulus to assist the second-largest economy in the world meet its annual growth goal. Despite China’s efforts to stabilise the real estate market, the country’s September home prices declined at a rate that was nearly identical to that of the previous month.
According to a statement, China’s central bank has established a financing mechanism that allows 21 national banks to provide loans for the purpose of share buybacks. According to the release, the initial loan quota is 300 billion yuan with a one-year maturity rate of 1.75%.
Ahead of a central bank meeting later this month where the board is largely likely to maintain the interest rate at its current level, Japan’s main inflation indicator slowed in September for the first time in five months.
Blackstone and Goldman Sachs have partnered to package private fund loans into bonds, a new type of debt that banks may eventually try to sell more of.
Events
02:00 ET
UK Retail Sales YoY
Medain Forecast 3.2% | Prior 2.5% | Range 4.3%/2.7%
UK Retail Sales MoM
Medain Forecast -0.4% | Prior 1.0% | Range 0.3%/-0.8%
UK Core Retail Sales MoM
Medain Forecast -0.3% | Prior 1.1% | Range 0.5%/-0.9%
Good luck!
