Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 29th of April. Here is what to look out for today.

Sentiment
Canada’s Liberal Party is projected to win a fourth consecutive election, giving a mandate to former central banker Mark Carney after a campaign in which he pledged to boost economic growth and stand up to US President Donald Trump in a trade war. US President Donald Trump’s tariffs could push Asian nations closer to China and destabilize regional security, Japan’s ruling party policy chief warned, calling for stronger defense ties between Washington and Tokyo. President Donald Trump is on track to blunt the pain of tariffs affecting the auto industry, with changes for parts in US cars that are built overseas and the so-called stacking of levies on foreign-made vehicles. Treasury Secretary Scott Bessent set a July 4 goal to pass President Donald Trump’s multi-trillion dollar tax cut package as polling shows that voters largely disapprove of the White House’s handling of the economy.

Docket
02:00 ET
German GFK Consumer Sentiment
Forecast -25.8 | Prior: -24.5 | Range: -23 / -27.5

03:00 ET
Spanish GDP QoQ Estimate
Forecast 0.7% | Prior: 0.8% | Range: 0.8% / 0.4%

04:00 ET
Italian Consumer Confidence
Forecast 94.1 | Prior: 95 | Range: 97 / 93.5

05:00 ET
ECB CPI Expectations

Speakers
03:00 ET
ECB’s Cipollone gives welcome speech on ‘Financial and trade fragmentation: risks and policy alternatives’ at joint BIS, Bank of England, ECB and IMF Spillover Conference 2025 in Frankfurt.

05:40 ET
BoE’s Ramsden delivers a speech at the Innovate Finance Global Summit.