Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 10th of April. Here is what to look out for today.

Sentiment
China’s top leaders are poised to meet Thursday to discuss additional economic stimulus after US President Donald Trump ratcheted up tariffs, according to people familiar with the matter President Donald Trump has ramped up US tariffs on China by a record 125%, betting he can force Xi Jinping to the table even as Beijing vows to “fight until the end.” The question now is which leader folds first. China’s onshore yuan dropped to the weakest level in nearly two decades with no signs of a let-up in trade tensions between the world’s two biggest economies. China’s consumer deflation extended for a second month in March, as an escalating trade war with the US threatens to put more downward pressure on prices. Oil prices fell after a brief rally following Trump’s decision to pause some tariffs, with Brent below $65 a barrel and West Texas Intermediate near $62. President Donald Trump called the bond market a thing of beauty on Wednesday. For traders of government debt, the day meant pure mayhem. Federal Reserve officials are prepared to hold their policy rate steady to minimize the risk that President Donald Trump’s tariffs trigger a persistent rise in inflation, even if the labor market softens further.

Docket
04:00 ET
Italian Industrial Production MoM
Forecast: -1% | Prior: 3.2% | Range: 0.2% / -1.2%

06:00 ET
Bundesbank Monthly Report

Speakers
06:00 ET
RBA’s Bullock gives a speech titled ‘Women’s Economic Empowerment in Australia’ at the Chief Executive Women Melbourne Annual Dinner.