Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 11th of April. Here is what to look out for today.

Sentiment
Oil headed for a second weekly loss as mounting disorder in global markets triggered by US President Donald Trump’s aggressive trade policy spurred concerns about a recession and a flight from risk. Japan’s top trade representative said he’ll discuss foreign exchange as part of trade talks should US Treasury Secretary Scott Bessent bring up the topic. Top European Union officials are making plans to visit China for a meeting with President Xi Jinping , the South China Morning Post reports – a sign Brussels may be keen to develop better ties with Beijing amid the Trump administration’s tariff onslaught.

Docket
02:00 ET
UK GDP Estimate
YoY – Forecast: 1% | Prior: 0.9%
MoM – Forecast: 0.1% | Prior: -0.1% | Range: 0.3% / 0%
3M/3M – Forecast: 0.4% | Prior: 0.2% | Range: 0.5% / 0.3%
UK Industrial Production
YoY – Forecast: -2.3% | Prior: -1.5% | Range: -1.3% / -2.8%
MoM – Forecast: -0.1% | Prior: -0.9% | Range: 0.8% / -0.4%
UK Manufacturing Production MoM
Forecast: 0.2% | Prior: -1.1% | Range: 0.8% / -0.5%

German CPI
YoY – Forecast: 2.2% | Prior: 2.2% | Range: 2.2% / 2.2%
MoM – Forecast: 0.3% | Prior: 0.3% | Range: 0.3% / 0.3%
HICP YoY – Forecast: 2.3% | Prior: 2.3% | Range: 2.3% / 2.2%
HICP MoM – Forecast: 0.4% | Prior: 0.4% | Range: 0.4% / 0.3%

03:00 ET
Spanish CPI
YoY – Forecast: 2.3% | Prior: 2.3% | Range: 2.3% / 2.3%
MoM – Forecast: 0.1% | Prior: 0.1% | Range: 0.1% / 0.1%
HICP YoY – Forecast: 2.2% | Prior: 2.2% | Range: 2.2% / 2.2%
HICP MoM – Forecast: 0.7% | Prior: 0.7% | Range: 0.7% / 0.7%

Speakers
05:45 ET
ECB’s Lagarde speaks at the Eurogroup meetings in Warsaw.