Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 7th of March. Here is what to look out for today.

Sentiment
President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as USMCA from his 25% tariffs, offering major reprieves to the US’s two largest trading partners. China’s exports reached a record so far this year as higher US tariffs, and the threat of more to come, drove frontloading of shipments. The value of sales abroad rose 2.3% in the first two months of the year to $540 billion, according to a statement from the General Administration of Customs. Imports fell 8.4%, leaving a trade surplus of $170.5 billion. Twenty-six European Union leaders ignored Hungary to back a declaration of support for Ukraine at an emergency meeting, underscoring the difficult road ahead as the bloc tries to to mobilize new support for Kyiv.

Docket
02:00 ET
German Industrial orders MoM
Median Forecast: -2.5% | Prior: 6.9% | Range: 1.5% / -6%

UK Halifax House Prices
YoY – Median Forecast: 2.65% | Prior: 2.9% | Range: 2.65% / 2.4%
MoM – Median Forecast: 2.65% | Prior: 2.9% | Range: 2.65% / 2.4%

05:00 ET
Eurozone GDP Revised
YoY –  Median Forecast: 0.9% | Prior:  0.9% | Range: 0.9% / 0.9%
QoQ – Median Forecast: 0.1% | Prior: 0.1% | Range: 0.1% / 0%

Speakers
04:30 ET
ECB’s Lagarde, Nagel, Panetta and Buch speak in a panel will discuss the importance of financial literacy for central banks and banking supervision authorities and its impact on monetary policy transmission. They will focus on closing the gender gap and the potential for collaboration.