Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 6th of June. Here is what to look out for today.

Sentiment
US President Donald Trump and Chinese President Xi Jinping on Thursday agreed to further trade talks aimed at resolving disputes over tariffs and supplies of rare earth minerals at the heart of tensions between the world’s two largest economies. Elon Musk signaled he would move to cool tensions with US President Donald Trump, after differences between the two exploded Thursday into an all-out public feud. US President Donald Trump and Canadian Prime Minister Mark Carney have been in direct contact trying to reach a trade deal, but the two sides still have work to do to find agreement, according to people familiar with the discussions. In the first formal assessment of US trading partners’ foreign- exchange practices since President Donald Trump returned to office, the Treasury Department declined to name any country a currency manipulator while singling China out for “its lack of transparency.” Japan’s household spending unexpectedly declined in April as elevated inflation deterred discretionary spending, in a worrisome sign for policymakers after the economy began contracting even before US tariff measures fully kicked in.

Docket
02:00 ET
German Industrial Production
YoY – Forecast: -0.2%, Prior: -1.0%, Range: 0.3% / -3.3%
MoM – Forecast: 3.0%, Prior: -1.0%, Range: 2.0% / -2.5%
German Trade Balance
Forecast: 21.1b, Prior: 19.1b, Range: 20.5b / 17.0b

05:00 ET
Eurozone GDP
QoQ – Forecast: 0.3%, Prior: 0.4%, Range: 0.6% / 0.3%
YoY – Forecast: 1.2%, Prior: 1.2%, Range: 1.5% / 1.2%

Speakers
04:00 ET
ECB’s Holzmann speaks at presentation of Austrian National Bank’s updated forecasts.

04:30 ET
ECB’s President Lagarde gives video message at event marking 75th anniversary of International Confederation of Popular Banks (CIBP) in Marseille, France

04:45 ET
ECB’s Gediminas Simkus speaks at a central bank/IMF event in Vilnius.