Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 7th of May. here is what to look out for today.

Sentiment
China reduced its policy rate and lowered the amount of cash lenders must keep in reserve, as Beijing ramps up efforts to help an economy caught in a second trade war with the US. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will travel later this week to Switzerland for trade talks with China led by Vice Premier He Lifeng, seeking to de-escalate a tariff standoff that has threatened to hammer both economies. US President Donald Trump said he would prescribe tariff levels and trade concessions for partners looking to avoid higher duties, appearing to move away from the idea that he would engage in back-and-forth negotiations.

Docket
02:00 ET
German Industrial Orders MoM
Forecast 1.3% | Prior: 0% | Range: 7.5% / 1.4%

04:30 ET
UK Construction PMI
Forecast 46 | Prior: 46.4 | Range: 47.5 / 45

05:00 ET
Eurozone Retail Sales
YoY – Forecast 1.6% | Prior: 2.3% | Range: 2.1% / 1.2%
MoM – Forecast -0.1% | Prior: 0.3% | Range: 0.2% / -0.5%