Morning Juice – Europe Session Prep

Good Morning traders.
It is Friday the 25th of April. Here is what to look out for today.

Sentiment
China’s government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries. President Donald Trump said his administration was talking with China on trade, after Beijing denied the existence of negotiations on a deal and demanded the US revoke all unilateral tariffs China’s central bank is boosting cash injection via one of its policy tools as it seeks to safeguard the world’s second-largest economy from the impact of punitive US tariffs. China’s economy began the year well and is continuing an upward trend, the central bank’s head said at the Group of 20 meeting in Washington, repeating earlier promises to implement a moderately loose monetary policy to support growth. The pace of inflation in Tokyo accelerated from the previous month to the fastest pace in two years, supporting the Bank of Japan’s rate-hike stance that is now complicated by uncertainty stemming from US tariff measures

Docket
02:00 ET
UK Retail Sales
YoY – Forecast 1.8% | Prior: 2.2% | Range: 2.4% / 0.6%
MoM – Forecast -0.4% | Prior: 1% | Range: 1% / -1.1%
Core YoY – Forecast 2% | Prior: 2.2% | Range: 2.9% / 1.4%
Core MoM – Forecast -0.5% | Prior: 1% | Range: 0.2% / -1.2%

02:45 ET
French Business Climate
Overall – Forecast 96 | Prior: 97 | Range: 97 / 95
Manufacturing – Forecast 95 | Prior: 96 | Range: 96 / 94