Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 10th of July. Here is what to look out for today.

Sentiment
President Donald Trump said the US would begin levying a 50% tariff on copper imports from Aug. 1, confirming a move that will hurt American producers of everything from automobiles to appliances. President Donald Trump unveiled a new round of tariff demand letters, including a 50% rate on Brazil, with Trump citing the treatment of former President Jair Bolsonaro in his letter. His threat to impose 50% tariffs on Brazilian goods sent the country’s currency plunging as the US leader sharply escalated a dispute with Latin America’s largest nation and leftist leader Luiz Inacio Lula da Silva. Demand at Japan’s 20-year government bond auction was lower than the average over the past 12 months, as an upcoming election highlights the likelihood that the nation’s sovereign debt will keep rising. The average bid-to-cover ratio was 3.15, compared to the 12-month average of 3.29. The ratio was 3.11 for the last auction.

Speakers
03:00 ET
ECB’s Cipollone to speak on digital euro at event hosted by Banka Slovenije in Ljubljana.

03:40 ET
ECB’s Escriva speaks on Europe’s financial system in Bilbao.

06:00 ET
ECB’s Villeroy speaks at presentation of current account annual report.