Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 16th of June. Here is what to look out for today.

Sentiment
Open hostilities between Israel and Iran entered a fourth day on Monday with no sign of easing, stoking fears of a wider war in the oil-rich region. Iran fired several waves of drones and missiles over the last 24 hours, while Israel hit the Islamic Republic’s capital, Tehran, killing another key military official Oil rose after Israel and Iran continued attacks on each other over the weekend, with the market bracing for an escalation that could disrupt supply from a region that produces around a third of the world’s crude. President Donald Trump said he believed it’s possible Israel and Iran could reach an agreement to end their conflict, though the two sides may need to continue fighting before they’re ready to broker a peace deal. China’s domestic consumption surprisingly jumped as the economy rode out the tariff rollercoaster in May, offering a confidence boost to Beijing as it stares down the threat of a prolonged trade war with the US. China’s new-home prices fell the most in seven months in May, underscoring why senior government officials are renewing pledges to revive the property market. The Bank of Japan is set to consider whether to taper its bond purchases at a slower pace while also leaving its benchmark interest rate unchanged, in a decision that will be closely scrutinized by the bond market.

Docket
04:00 ET
Italian CPI
YoY – Forecast: 1.7%, Prior: 1.7%, Range: 1.7% / 1.7%
MoM – Forecast: 0.0%, Prior: 0.0%, Range: 0.0% / 0.0%
HICP YoY – Forecast: 1.9%, Prior: 1.9%, Range: 1.9% / 1.9%
HICP MoM – Forecast: 0.1%, Prior: 0.1%, Range: 0.1% / 0.1%