Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 5th of May. Here is what to look out for today.

Sentiment
President Donald Trump said be is willing to lower tariffs on China at some point because the levies now are so high that the world’s two largest economies have essentially stopped doing business with each other.
Trump suggested that his administration could strike trade deals with some countries as soon as this week, offering the prospect of relief for trading partners seeking to avoid higher US import duties. Japan’s Finance Minister Kato said the country won’t use the sale of its US Treasury holdings in trade talks with Washington, clarifying his previous remarks that suggested they could be used as a negotiating tool. Oil buckled on concerns of a global glut after OPEC+ agreed to another bumper output increase, adding to supply at a time when demand is challenged by the drag from the trade war.

Docket
02:30 ET
Swiss CPI
YoY – Forecast 0.2% | Prior: 0.3% | Range: 0.3% / -0.1%
MoM – Forecast 0.2% | Prior: 0% | Range: 0.2% / -0.1%
Core YoY – Forecast 0.8% | Prior: 0.9% | Range: 0.9% / 0.8%