Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 16th of April. Here is what to look out for today.

Sentiment
China’s economy expanded at a faster pace than expected in the first three months of 2025, though its outlook is deteriorating rapidly due to Donald Trump’s massive tariffs. President Donald Trump’s administration has barred Nvidia Corp. from selling its H20 chip to China, an escalation of Washington’s tech battle with Beijing that will cost the company billions of dollars and hamstring a product line it explicitly designed to comply with previous US curbs. Bank of Japan Governor Kazuo Ueda said President Donald Trump’s tariff campaign has brought the economy to a ‘bad scenario’ that could force the central bank to make a policy response, the Sankei newspaper reported Wednesday. President Donald Trump launched a probe into the need for tariffs on critical minerals, the latest action in an expanding trade war that has targeted key sectors of the global economy. President Donald Trump wants Congress to change a policy that gives certain drugs longer protection from drug price negotiations in Medicare, a fix that could address one of the drug industry’s top complaints with the Biden-era law.

Docket
02:00 ET
UK CPI
YoY – Forecast: 2.7% | Prior: 2.8% | Range: 3.2% / 2.5%
MoM – Forecast: 0.4% | Prior: 0.4% | Range: 0.5% / 0.3%
RPI MoM – Forecast: 0.4% | Prior: 0.6% | Range: 0.8% / 0.2%
Core YoY – Forecast: 3.4% | Prior: 3.5% | Range: 3.6% / 3.2%

04:00 ET
Italian HICP
YoY – Forecast: 2.1% | Prior: 2.1% | Range: 2.1% / 2.1%
MoM – Forecast: 1.6% | Prior: 1.6% | Range: 1.6% / 1.6%

05:00 ET
Eurozone CPI
YoY – Forecast: 2.2% | Prior: 2.4% | Range: 2.2% / 2.1%
MoM – Forecast: 0.6% | Prior: 0.6% | Range: 0.6% / 0.3%
Core YoY – Forecast: 2.4% | Prior: 2.4% | Range: 2.5% / 2.4%