Morning Juice – Europe Session Prep

Good Morning Traders! This Monday we get Manufacturing PMI for the Euro Area.

Here is what to expect for the day.

Sentiment

Marine Le Pen’s National Rally won decisively in the first round of France’s parliamentary election and set its eyes on an absolute majority, while President Emmanuel Macron and her other opponents began manoeuvring to keep the extreme right out of power.

The euro gained as traders analysed signals. Marine Le Pen’s far-right party appeared poised to win the first round of France’s parliamentary election with a narrower lead than some surveys had projected.

Oil prices were barely altered as traders assessed China’s economic prospects and geopolitical dangers in Europe and the Middle East.

Confidence among Japan’s major manufacturers increased from three months ago, opening the way for the Bank of Japan to consider raising interest rates later this month.

Good Luck today, traders!