Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 16th of March. Here is what to look out for today.

Sentiment
China’s main economic indicators fared better than forecast to start the year, in a sign that momentum was improving before the war in Iran roiled the outlook for global growth and inflation. Oil fluctuated after Iran said crude flows were continuing from its main export hub following a US attack on military facilities, and as President Donald Trump raised pressure on nations to help reopen the Strait of Hormuz. Japan’s finance minister said authorities are prepared to respond to movements in the currency market with bold steps if necessary, as the yen weakens toward a key threshold against the dollar amid ongoing Middle East tensions. Japan’s defense minister said the nation currently has no plans to send warships to the Strait of Hormuz after US President Donald Trump put pressure on Tokyo to do so ahead of a summit meeting with Prime Minister Sanae Takaichi later this week. Donald Trump said he could delay his planned summit with Chinese President Xi Jinping if Beijing doesn’t help unblock the Strait of Hormuz, the Financial Times reported, citing an interview with the US president.