Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 13th of March. Here is what to look out for today.

Sentiment
President Donald Trump and Iran’s new supreme leader both struck defiant tones on the 13th day of the war, offering little relief to energy markets despite fresh US efforts to curb oil prices. Japanese financial authorities are staying in closer contact with their US counterparts than usual as the yen trades near the weakest levels this year against a backdrop of widespread market volatility in response to the conflict in Iran. Finance Minister Satsuki Katayama tells reporters authorities are prepared to take all necessary measures on the currency under all circumstances, keeping in mind the impact of rising oil prices on people’s daily lives. The US has issued its second authorization for buyers to take Russian oil cargoes already at sea, a move intended to ease growing pressure on prices as the war in the Middle East continues. It’s becoming increasingly evident that Iran is laying mines in the Strait of Hormuz, according to the UK, as Iran’s new supreme leader used his first comments to the media to say the critical waterway should stay closed.

Docket
03:00 ET
UK GDP Estimate
MoM – Forecast: 0.2% | Prior: 0.1% | Range: 0.4% / 0.1%
3M/3M – Forecast: 0.3% | Prior: 0.1% | Range: 0.3% / 0.2%
UK Manufacturing Production
YoY – Forecast: 1.5% | Prior: 0.5% | Range: 1.9% / 1%
MoM – Forecast: 0.2% | Prior: -0.5% | Range: 0.7% / -0.5%
UK Industrial Production
YoY – Forecast: 0.6% | Prior: 0.5% | Range: 1% / 0.5%
MoM – Forecast: 0.2% | Prior: -0.9% | Range: 0.6% / -0.2%

03:45 ET
French CPI
YoY – Forecast: 1% | Prior: 1% | Range: 1% / 1%
MoM – Forecast: 0.7% | Prior: 0.7% | Range: 0.7% / 0.7%
HICP YoY – Forecast: 1.1% | Prior: 1.1% | Range: 1.1% / 1.1%
HICP MoM – Forecast: 0.8% | Prior: 0.8% | Range: 0.8% / 0.8%