Morning Juice – Europe Session Prep

Good Morning Traders! This Monday we see a US Holiday, and a quiet session by extension.

Here is the sentiment for the day.

Sentiment

Chinese Premier Li Qiang called for “pragmatic and forceful” action to bolster the nation’s trust in the economy, emphasising the government’s anxiety about a failing recovery and a stock market crash.

Chinese stocks rose somewhat as onshore traders returned from the Lunar New Year vacations, with general caution towards the market offsetting upbeat travel and expenditure figures.

British legislators said the merits of the UK’s entrance to a significant trans-Pacific trading union are unclear, in a another blow to Prime Minister Rishi Sunak’s post-Brexit trade agenda.

UK home sellers upped their asking prices for the second month amid additional evidence the housing market is gaining steam following its worst year since the financial crisis.

Oil slipped lower, but remained near the highest level this year as continued tensions in the Middle East added to the market’s risk premium.

Good Luck today, Traders!