Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 28th of October. Here is what to look out for today.

Sentiment
President Donald Trump hailed the US’s alliance with Japan, reaffirming ties with a longstanding partner and praising new Prime Minister Sanae Takaichi on her plans to ratchet up defense spending as the pair met in Tokyo. Five contenders are still standing in the high-stakes race to be the next Federal Reserve chair. Treasury Secretary Scott Bessent on Monday confirmed the candidate pool has been cut roughly in half, with current Fed governors Christopher Waller and Michelle Bowman, former Governor Kevin Warsh, White House National Economic Council Director Kevin Hassett and BlackRock Inc. executive Rick Rieder remaining. Chinese and US trade negotiators have lined up an array of diplomatic wins for Donald Trump and Xi Jinping to unveil at a summit this week. Those easy hits are pleasing investors, but leave deeper core conflicts unresolved. Traders in the Japanese government bond market are on high alert Tuesday for any sign that President Donald Trump will increase pressure on his ally to make a bigger boost to military spending. Key Senate Democrats resisted a call by the country’s largest union of federal workers to shelve their health care demands and reopen the US government, signaling no end in sight for the ongoing shutdown.