Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 6th of March. Here is what to look out for today.

Sentiment
A barrage of Iranian missiles and drones targeted at least five countries across the Middle East, prompting several governments to urge their citizens to take shelter, while Israel carried out a 12th wave of airstrikes on Tehran and the US suspended operations at its embassy in Kuwait. Oil headed for the biggest weekly surge since 2022 as the war in the Middle East unleashed a wave of disruption across energy markets, with producers, importers and shippers struggling to deal with the fall-out. The United Arab Emirates is weighing freezing billions of dollars of Iranian assets held in the Gulf state, according to people familiar with the discussions, a move that could sever one of Tehran’s most important economic lifelines The US issued a general license to allow for some Russian oil sales to India, giving the nation more options to purchase fuel as an escalating conflict in the Persian Gulf cuts off a major producing region. US officials have written draft regulations that would restrict AI chip shipments to anywhere in the world without American approval, giving Washington broad control over whether other countries can build facilities for training and running artificial- intelligence models – and under what conditions.

Docket
05:00 ET
Eurozone GDP
QoQ – Forecast: 0.3% | Prior: 0.3% | Range: 0.4% / 0.2%
YoY – Forecast: 1.3% | Prior: 1.3% | Range: 1.3% / 1.3%