Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 9th of June. Here is what to look out for today.

Sentiment
Chinese exports rose less than expected last month as a drop in shipments to the US counteracted strong demand from other markets. China’s consumer deflation extended into a fourth month, as price wars intensified while a spending boost during two national holidays failed to offset the drag from weak domestic demand. Japan’s economy contracted in the first quarter, a revised estimate confirmed Monday, weakness that supports the Bank of Japan’s cautious stance and keeps political pressure on Prime Minister Shigeru Ishiba ahead of a key election. Top trade negotiators from the US and China are set to hold fresh talks in London on Monday, offering a glimmer of hope that the world’s two largest economies can defuse tensions over Chinese dominance in rare-earth minerals. Oil steadied after a weekly surge as a renewed round of US-China trade talks offered the potential for reduced global tensions US consumers probably saw slightly faster inflation in May, notably for merchandise, as companies gradually pass along higher import duties

Speakers
05:00 ET
ECB’s Elderson gives keynote speech on rule of law at Italian Court in Rome, Italy.