Morning Juice – Europe Session Prep

Good Morning Traders
It is Wednesday the 17th of September. Here is what to look out for today.

Sentiment

Trump’s administration signalled an openness to a trade deal with China on Sunday, but warned that Beijing’s recent export limits would be a big impediment to negotiations.

The US stock indexes increased, signalling a pause after the largest drop since April, as Trump’s administration indicated an openness to a trade deal after tensions between Washington and Beijing erupted last week. Chinese shares fell and bond futures rose as investors were concerned about the possibility of a renewed trade war between Beijing and Washington.

The PBOC placed the Yuan fixing at its highest level since November, amid evidence of an increase in trade tensions between China and the US.

Macron named a new cabinet on Sunday, as pressure increases for him and his reappointed PM, Lecornu, to end France’s deepening political crisis and enact a budget.

Docket
08:00 ET
OPEC Monthly Report (Tentative)