Morning Juice – Europe Session Prep

Good Morning Traders! This Monday we get comments from Fed’s Logan, ECB’s Simkus and the ECB Survey of Monetary Analysts.

Here is what to expect for the day.

Sentiment

Despite Iran’s unprecedented strike on Israel, oil prices eased on optimism that the confrontation would remain limited.

China withdrew funds from the banking sector for the second consecutive month, signalling its caution towards monetary easing as currency depreciation pressures rise.

Aluminium and nickel prices soared on the London Metal Exchange as traders responded to new US and UK restrictions prohibiting deliveries of any Russian supply manufactured after midnight on Friday.

The world’s second-largest economy began the year on a strong basis, with China’s industries ramping up. Analysts caution that growth will be difficult to sustain without broader improvements.

Bond investors, who were duped yet again by powerful economic statistics, now demand unambiguous and unequivocal assurance that Federal Reserve interest rates would be slashed before making any more big bullish wagers.

Docket

04:00 ET 
ECB Survey of Monetary Analysts

Earnings

07:30 ET
Goldman Sachs Q1 2024 Earnings
Est. EPS $8.81| Est. Rev. $12.98B

Speakers

02:30 ET
Fed’s Logan Speaks

03:30 ET
ECB’s Simkus Speaks

07:15 ET
BoE’s Breeden Speaks

08:00 ET
ECB’s Lane Speaks

Good Luck today, Traders!