Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 27th of October. Here is what to look out for today.

Sentiment
Top trade negotiators for the US and China said they came to terms on a range of contentious points, setting the table for leaders Donald Trump and Xi Jinping to finalize a deal and ease trade tensions that have rattled global markets. The Chinese Communist Party’s official mouthpiece called on the world’s biggest economies to “jointly safeguard hard-won achievements” from their latest trade talks, ahead of a high- stakes meeting between Donald Trump and Xi Jinping. US President Donald Trump unveiled a flurry of trade deals during bis first day in Asia, looking to shore up access to critical minerals and a market for US agricultural goods ahead of a critical meeting with Chinese President Xi Jinping Profits at Chinese industrial enterprises increased the most in nearly two years, as production revs up while declines in factory- gate prices ease amid a government campaign to rein in excess capacity. The US and South Korea remain stuck on all the major details of a $350 billion investment pledge, President Lee Jae Myung said in an interview Friday, signaling the countries may fail to finalize a trade deal in time for a summit meeting with Donald Trump. China will make “substantial” purchases of US soybeans Treasury Secretary Scott Bessent said Sunday after talks with Chinese counterparts, in a sign that the relations are thawing ahead of a possible leaders’ meeting.

Docket
05:00 ET
German IFO
Expectations – Forecast: 90 | Prior: 89.7 | Range: 90.5 / 89
Current Conditions – Forecast: 86 | Prior: 85.7 | Range: 86.5 / 85
Business Climate – Forecast: 88 | Prior: 87.7 | Range: 90 / 87
Eurozone M3 Money Growth – Forecast: 2.7% | Prior: 2.9% | Range: 3% / 2.3%
ECB CPI Expectations