Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 29th of July. Here is what to look out for today.

Sentiment
The European Union dodged an imminent trade war with the US this week, but markets and a growing chorus of critics have dispelled early hopes that the deal will bring a sense of stability back to transatlantic relations. Commerce Secretary Howard Lutnick said a 90-day extension of a trade truce with China was a likely outcome with negotiations between the two countries underway in Stockholm US Trade. Representative Jamieson Greer said “more negotiations” will be needed with India on a trade deal just days before an Aug. 1 deadline for higher tariffs. Japan’s two-year government bond auction Tuesday drew the strongest demand since October as investors were attracted to bond yields that have approached the highest since 2008 It’s important for the Japanese government to urge the US to issue an executive order to reflect the US-Japan trade deal. Finance Minister Katsunobu Kato says, echoing remarks made by the nation’s chief trade negotiator Ryosei Akazawa

Docket
04:00 ET
ECB CPI Expectations

04:30 ET
BoE Consumer Credit
Forecast: 1.2b, Prior: 0.9b, Range: 1.8b / 1.0b