Morning Juice – US Session Prep (14th July)

Sentiment

Stocks sank as the Trump administration increased its trade battle, with investors anticipating a flood of economic reports this week that will provide an early read on the impact of tariffs.

The slide in Japan’s long-term bonds worsened Monday, sending rates substantially higher and putting global debt markets on edge.

According to those familiar with the situation, the EU is ready to increase its engagement with other countries affected by Trump’s tariffs in the wake of a slew of new threats to the group and other US trading partners.

China concluded the first half of the year with a record trade surplus of almost $586 billion as shipments to the US began to stabilise, with industries riding out the tariff.

Docket
08:30 ET
Canadian Wholesale Sales MoM – Forecast: -0.4% | Prior: -2.3% | Range: -0.4% / -0.5%

Speakers & Events
08:30 ET
Fed’s Hammack Speaks on Fox Business
10:00 ET
Trump & NATO’s Rutte Speak on Fox Business
11:00 ET
ECB’s Cipollone Speaks

Good luck, and have a good week!