Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 25th of March. Here is what to look out for today.

Sentiment
President Donald Trump on Monday issued an order allowing a 25% tariff to be imposed on any nation purchasing oil and gas from Venezuela, ratcheting up his dispute with the Latin American country over immigration with a move that risks roiling the global energy trade. Federal Reserve Bank of Atlanta President Raphael Bostic said he now sees just one interest-rate cut as likely this year, rather than two, with tariff hikes impeding progress on disinflation. HSBC Holdings Pic is considering outsourcing part of its sprawling trading business as executives struggle to justify making technology investments needed to keep up with larger rivals US Treasuries fell on Monday, a sign that investors are favoring riskier assets after President Donald Trump indicated that tariffs arriving next month will be more targeted than anticipated.

Docket
05:00 ET
German IFO
Expectations – Forecast: 87.3 | Prior: 85.4 | Range: 91 / 86
Business Climate – Forecast: 86.7 | Prior: 85.2 | Range: 90 / 85.7
Current Conditions – Forecast: 85.5 | Prior: 85 | Range: 87.5 / 84.5

Speakers
05:00 ET
ECB’s Kazimir holds press conference on Slovak economy.
ECB’s Muller presents Estonian economic forecasts.

06:00 ET
ECB’s Holzmann speaks at press conference on annual report of Austrian National Bank.

06:50 ET
ECB’s Vujcic speaks on “Opportunities and Risks of Introducing the Euro in Poland” panel at conference in Warsaw.