Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 2nd of March. Here is what to look out for today.

Sentiment
President Donald Trump said the bombing campaign against Iran will continue until its objectives were achieved, even as the US military announced the deaths of three servicemen and Iran retaliated with lethal strikes on Israel and other US allies in the region. President Trump told ABC the US had identified possible candidates to take over Iran, but they were killed in the initial attack, ABC News’ Jonathan Karl says in X post. The US reported the first Americans killed in a war with Iran as President Donald Trump predicted the attacks on Iran could continue for the next four to five weeks. Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the critical Strait of Hormuz. Stocks fell and crude oil surged as an escalation in file Middle East conflict unsettled global markets, prompting investors to trim risk exposure and seek haven assets. The dollar strengthened Bank of Japan Deputy Governor Ryozo Hi mi no refrained from dropping any clear hints pointing to an imminent interest rate increase, reinforcing financial market expectations that authorities will stand pat this month after a conflict erupted in the Middle East over the weekend.

Docket
03:50 ET
French Manufacturing PMI
Forecast: 49.9 | Prior: 49.9 | Range: 50 / 49.9

03:55 ET
German Manufacturing PMI
Forecast: 50.7 | Prior: 50.7 | Range: 50.8 / 50.7

04:00 ET
Eurozone Manufacturing PMI
Forecast: 50.8 | Prior: 50.8 | Range: 51 / 50.1

04:30 ET
UK Manufacturing PMI
Forecast: 52 | Prior: 52 | Range: 52.1 / 52