Morning Juice – US Session Prep

Morning Traders!
It is Tuesday the 4th of March, and we have a quiet data slate.
Here are some things to look out for today.

Sentiment
Stocks in Europe fell on concerns that the area may be next to face US tariffs after Trump levied charges on Mexico, Canada, and China. Oil prices decreased.

Europe’s Stoxx 600 index fell 1.2%, pulled down by automakers and energy sectors, after ending at a high the previous day.
S&P 500 futures indicated a flat open.

The additional charges are Trump’s most ambitious attempt to reshape global trade, and investors will be looking for clues about future measures in his address to Congress tonight.
In response, Canada issued a wide tariff package, and China countered by placing tariffs of up to 15% on some US products.

Trump also ordered suspension on all military funding to Ukraine, ratcheting up the pressure on Zelenskiy only days after an Oval Office spat with the Ukrainian president cast doubt on his country’s most important partner.

As Trump pulls back, the EU proposes a €150 billion defence loan plan.
Oil prices fell further on concerns about global trade tensions and OPEC+’s plans to restart stalled output.
Brent crude dropped to around $70 per barrel.

Speakers
14:20 ET
Fed’s Williams is interviewed by Bloomberg’s Michael McKee at the Bloomberg Invest Forum.
No text is expected, but there will be a Q&A.

16:45 ET
RBA’s Hauser speaks at the AFR business summit in Sydney.

Good luck!