Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 9th of March. Here is what to look out for today.

Sentiment
Oil spiked toward $120 a barrel as more major Middle East producers curbed production, the Strait of Hormuz remained all but closed and the US threatened to deepen a conflict that has upended energy markets. Iran named the son of the late Ayatollah Ali Khamenei as its new supreme leader and President Donald Trump called $100 oil a “small price to pay,” with neither side showing any sign of deescalating a war now entering its 10th day. Japanese workers’ wages adjusted for inflation rose for the first time in 13 months, a development that may bolster consumer sentiment and support both the Bank of Japan and the government in their pursuit of key policy goals China’s consumer-price growth accelerated to the quickest in over three years and factory deflation moderated again, after a rally in energy markets and as household spending boomed during a later-than-usual Lunar New Year holiday. President Donald Trump is weighing the option of deploying special forces on the ground to seize Iran’s near-bomb-grade uranium, as officials grow increasingly concerned the stockpile may have been moved, according to three diplomatic officials briefed on the matter.

Docket
03:00 ET
German Industrial Production
YoY – Forecast: -0.8% | Prior: -0.6% | Range: 0% / -1%
MoM – Forecast: 1% | Prior: -1.9% | Range: 1.5% / -0.5%
German Industrial Orders MoM
Forecast: -4.3% | Prior: 7.8% | Range: 5% / -10%

Eurozone Sentix Investor Confidence
Forecast: -3% | Prior: 4.2% | Range: 2.5% / -8.2%