Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 17th of June. Here is what to look out for today.

Sentiment
Japanese bond futures dropped after the central bank held rates steady and said it would slow its tapering of government bond buying from the start of the next fiscal year. President Donald Trump is set to depart the Group of Seven leaders’ summit in Canada a day early, after warning residents of Tehran to evacuate the city as Israel continued to bombard Iran in a bid to disable its nuclear program. Oil jumped after US President Donald Trump called for the evacuation of Tehran before paring gains, with the market on edge about an escalation in the conflict with Israel that could disrupt crude supply. US President Donald Trump and Japanese Prime Minister Shigeru Ishiba failed to reach an agreement on a trade package on the sidelines of the Group of Seven summit, an outcome that leaves the Asian nation inching closer to a possible recession as the pain of US tariffs hits its economy. Senate Republicans plan to delay and make less onerous a levy targeting foreign companies and investors from countries that the US determines have been unfairly taxing US companies.

Docket
05:00 ET
German ZEW
Economic Sentiment – Forecast: 35.0, Prior: 25.2, Range: 42.9 / 15.0
Current Conditions – Forecast: -75.0, Prior: -82.0, Range: -72.0 / -79.8

05:00 ET
IEA Monthly Report