Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 13th of March. Here is what to look out for today.

Sentiment
President Donald Trump dialed back bis latest trade-war threat against Canada hours after making it, while downplaying the risk of a ta riff-led recession that’s sent US markets into a nosedive. The Bank of Canada is likely to cut interest rates for a seventh straight meeting on Wednesday as the country braces for a trade war that will plunge the economy into recession unless there’s a swift resolution. Bank of Japan Governor Kazuo Ueda indicated he’s not too concerned about the country’s government bond yields ascending to the highest level since 2008, signaling he’s not planning any imminent action to counter the moves.

Speakers
04:00 ET
ECB’s Simkus presents Lithuanian economic forecasts.

04:45 ET
ECB’s President Lagarde gives an address at The ECB and Its Watchers conference in Frankfurt

05:15 ET
ECB’s Villeroy chairs panel at The ECB and Its Watchers conference in Frankfurt.