Morning Juice – Europe Session Prep

Good Morning Traders.
It Is Thursday, the 6th of March. Here Is What to Look out For Today.

Sentiment

Trump has granted automakers a one-month exemption from freshly imposed tariffs on Mexico and Canada, the White House announced Wednesday, in response to industry leaders’ concerns.

According to a senior Canadian government official, PM  Trudeau is unwilling to eliminate Canada’s entire package of retaliatory tariffs if Trump continues to impose tariffs on Canada.

Trump is considering exempting certain agricultural items from tariffs imposed on Canada and Mexico, the administration’s latest attempt on Wednesday to provide relief to specific sectors from the sweeping new import duties.

Japan’s government bond yields rose to their highest level in more than a decade, while yields in Australia and New Zealand rose as the fall in German bunds echoed across global debt markets.

Oil remained around its lowest point in six months as Trump’s hefty tariffs sparked trade fights on numerous fronts, stoking fears about the future for energy demand.

Docket
All Day
EU Leaders Discuss Defence Spending

08:15 ET
ECB Interest Rate
Median Forecast: 2.65% | Prior: 2.9% | Range: 2.65% / 2.4%

ECB Deposit Rate
Median Forecast: 2.5% | Prior: 2.75% | Range: 2.5% / 2.25%