Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 22nd of July. Here is what to look out for today.

Sentiment
Australia’s central bank decided that lowering interest rates for a third time in four meetings would not be consistent with its strategy of easing in a “cautious and gradual” manner, minutes of the July meeting showed. The Japanese government considers the consumption tax cut proposed by opposition parties to be inappropriate, Finance Minister Kato says, following the ruling coalition’s major loss in the upper house election on Sunday. Treasury Secretary Scott Bessent said in a social media post Monday that there should be a review of the decision to renovate parts of the Federal Reserve headquarters in Washington. Japanese government bonds are vulnerable to further selling following a historic election defeat for Prime Minister Ishiba, although the immediate reaction Tuesday has been damped by a rally in global debt market. Treasury Secretary Scott Bessent said the next round of US-China talks could include a discussion of China’s purchases of Russian and Iranian oil, a signal that the focus could shift from more traditional trade issues to ones that cross over into matters of national security.

Docket
04:00 ET
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