Morning Juice – Europe Session Prep
Good morning, Traders!
It is Tuesday, the 28th of January. Here is what to expect for the day.
Sentiment
Trump stated Monday that he wants to impose tariffs that are “much bigger” than 2.5%, the latest in a series of clear signs that he is contemplating extensive levies to change US supply chains.
The US Senate confirmed Scott Bessent as the new Treasury Secretary. He supports global duties on US imports starting at 2.5%, according to the Financial Times. Australian business conditions, which measure jobs, sales, and profitability, improved in December, powered by the retail sector as consumer spending increased while pricing pressures eased.
In January, China’s central bank used a new instrument to pump a record amount of cash into the financial system, deferring more high-profile policy easing while focussing on Yuan stability.
Oil steadied after falling about 2% on Monday, as Trump threatened to impose a broad range of tariffs on imports, including potentially on certain major industrial goods.
Good luck!