Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 5th of March. Here is what to look out for today.

Sentiment
China set its most modest growth target in more than three decades, in a tacit acknowledgment that the model powering the country’s rapid rise for four decades is showing strains. China will keep fiscal stimulus flowing to support growth as domestic challenges stalk the economy with geopolitical risks on the rise. The budget deficit will stay at around 4% of gross domestic product this year, unchanged from the record set in 2025, according to an annual work report of the Ministry of Finance seen by Bloomberg on Thursday. President Donald Trump expressed confidence in the US military campaign against Iran even as the timeline for operations remained deeply unclear on the fifth day of the Middle East war China’s government has told the country’s largest oil refiners to suspend exports of diesel and gasoline as an escalating conflict in the Persian Gulf disrupts the arrival of crude from one of the world’s largest producing regions. Oil extended gains as traders assessed the widening fallout from the US and Israeli war against Iran, with the combatants vowing to press on with the conflict that’s upending energy markets.

Docket
02:45 ET
French Industrial Production MoM
Forecast: 0.4% | Prior: -0.7% | Range: 1% / -0.3%

03:00 ET
Swiss Unemployment Rate
Adjusted – Forecast: 2.9% | Prior: 2.9% | Range: 3% / 2.9%
Unadjusted – Forecast: 3.2% | Prior: 3.2% | Range: 3.2% / 3.2%

05:00 ET
Eurozone Retail Sales
YoY – Forecast: 1.7% | Prior: 1.3% | Range: 2.1% / 1%
MoM – Forecast: 0.3% | Prior: -0.5% | Range: 0.6% / -0.2%