Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 6th of August. Here is what to look out for today.

Sentiment
President Donald Trump said he’d impose increased tariffs on countries buying energy from Russia while clarifying that levies on semiconductor and pharmaceutical imports would be announced “within the next week or so”. US President Donald Trump’s first wave of copper tariffs will hit imports valued at more than $15 billion last year, highlighting the potential inflationary impact on American buyers. Japanese workers saw their nominal wages rise at the fastest pace in four months, reflecting gains won in annual negotiations with employers and fueling market speculation that the Bank of Japan may hike its benchmark rate in coming months. Prime Minister Mark Carney said Canada will look at whether to remove some counter-tariffs against the US, despite winning an election in which he pledged to fight back against President Donald Trump’s trade war.

Docket
02:00 ET
German Industrial Orders MoM
Forecast: 1.1%, Prior: -1.4%, Range: -0.4% / 6.0%

04:30 ET
UK Construction PMI
Forecast: 48.8, Prior: 48.8, Range: 49.5 / 48.0

05:00 ET
Eurozone Retail Sales
YoY – Forecast: 1.8%, Prior: 2.6%, Range: 3.2% / 2.1%
MoM – Forecast: -0.7%, Prior: 0.3%, Range: 1.5% / 0.2%