Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 21st of July. Here is what to look out for today.

Sentiment
Japanese Prime Minister Shigeru Ishiba said he intended to stay on even as his ruling coalition suffered a historic setback in an upper house election on Sunday, an outcome that may further unsettle markets. The ruling Liberal Democratic Party along with longtime partner Komeito lost its majority in the chamber, public broadcaster NHK reported, saying the bloc failed to win the 50 seats it needed to maintain control. European Union envoys are set to meet as early as this week to formulate a plan for measures to respond to a possible no-deal scenario with US President Donald Trump, whose tariff negotiating position is seen to have stiffened ahead of an Aug. 1 deadline. China has stopped a US citizen who works for America’s Commerce Department from leaving the nation for several months, according to media reports, an episode that comes as Beijing and Washington try to arrange a leaders’ summit so they can address their differences on trade China boosted shipments of rare earth magnets in June – including to the US – after a global supply squeeze that threatened factory closures and inflamed trade tensions.