Morning Juice – Europe Session Prep

Good morning, Traders!
It is Friday, the 7th of February. Here is what to expect for the day.

Sentiment

US Treasury Secretary Bessent said he supports a strong Dollar and has no intentions to change the government’s debt-issuance plans, demonstrating a cautious approach to financial markets from an administration that is otherwise fast upending the established quo.

Japan’s households increased consumption at the quickest rate since August 2022, as strong pay rises and bonuses helped loosen consumers’ purse strings.

BoE’s Bailey said American bankers are eager for increased capital requirements to be implemented, even as regulators pause the measures to see how the Trump administration will treat Wall Street.

Oil fell for the third week in a row, with concerns that Trump’s tariffs on China would reduce demand outweighing the new US administration’s first round of sanctions against Iran.