Morning Juice – Europe Session Prep
Good morning, Traders.
It is Wednesday , the 30th of October, here is what to expect for the day.
Sentiment
The Reserve Bank’s belief that pricing pressures would take time to subside and that monetary policy has to remain restrictive for the time being was reinforced by Australia’s core inflation, which remained high last quarter.
After a significant election defeat, Japanese Prime Minister Shigeru Ishiba may discover that providing a tax cut to part-time employees is the cost of winning over a minor opposition group and retaining office.
With the US presidential election just a few days away, traders are betting that a critical period ahead would exacerbate bond losses and cause spikes in volatility, which is causing a negative tone to take hold in Treasury options.
Oil continued to decline Monday after hitting its lowest level in almost two years as the possibility of additional stimulus in China was counterbalanced by indications of a possible de-escalation of Israel’s offensive in Lebanon.
Events
04:55 ET
German Unemployment Rate
Median Forecast 6.1% | Prior 6.0% | Range 6.1%/6.0%
German Unemployment Change SA
Median Forecast 15k | Prior 17k | Range 25k/10k
05:00 ET
German GDP YoY NSA Flash
Median Forecast 0.1% | Prior 0.3% | Range 0.2%/-0.5%
German GDP QoQ Flash
Median Forecast -0.1% | Prior -0.1% | Range 0.2%/-0.3%
06:00 ET
Eurozone GDP YoY Prelim Flash
Median Forecast 0.8% | Prior 0.6% | Range 0.9%/0.7%
Eurozone GDP QoQ Prelim Flash
Median Forecast 0.2% | Prior 0.2% | Range 0.3%/0.1%
Good luck!
