Morning Juice – Europe Session Prep

Good Morning traders.
It is Monday the 26th of May. Here is what to look out for today.

Sentiment
President Donald Trump said he would extend the deadline for the European Union to face 50% tariffs until July 9 after a phone call with Commission President Ursula von der Leyen Federal Reserve Bank of Minneapolis President Neel Kashkari said major shifts in US trade and immigration policy are creating uncertainty for Fed officials to move on interest rates before September. Trump said he was considering new sanctions against Russia, after Moscow launched a second night of deadly missile and drone strikes across much of Ukraine. He also said he had “very good” talks with Iranian officials over limits on the Islamic Republic’s nuclear programs. China is well-prepared for external shocks and will progressively roll out measures to stabilize employment and economy, Premier Li Qiang said in a symposium for Chinese enterprises in Indonesia on May 25. Japan may offer financial and technical contributions ranging from investment in an Alaskan LNG pipeline project to shipbuilding expertise as it seeks to smooth the path toward a tariff deal with the US by mid-June. Port congestion is worsening at key gateways in northern Europe and other hubs, according to a new report which suggests trade wars could spread maritime disruptions to Asia and the US and push up shipping rates.