Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 25th of March. Here is what to look out for today.

Sentiment
The US has drafted a 15-point plan intended to help bring the war with Iran to a close, according to people familiar with the matter, highlighting the intensifying urgency within the Trump administration to resolve the conflict as the economic toll mounts. President Donald Trump signaled that Iran had offered a “present” as a show of good faith in negotiations he has claimed are ongoing to end a 25-day conflict that’s upended global markets, even while the US deploys more troops to the Middle East. Iran said foreign ships are allowed to cross the Strait of Hormuz, as long as they aren’t supporting acts of aggression against the country and follow regulations put in place by Tehran. Oil fell on signals that a US diplomatic push to try to end the war with Iran may be gathering pace, eclipsing news of more troops being sent to the region and the Strait of Hormuz remaining mainly shut. Australian inflation remained elevated in February, even before the Iran war disrupted Middle East energy supplies and sent the cost of gasoline soaring, highlighting persistent price pressures in the economy.

Docket
03:00 ET
UK CPI
YoY – Forecast: 3% | Prior: 3% | Range: 3.2% / 2.8%
MoM – Forecast: 0.4% | Prior: -0.5% | Range: 0.6% / 0.2%
Core YoY – Forecast: 3.1% | Prior: 3.1% | Range: 3.2% / 2.8%
RPI MoM – Forecast: 0.5% | Prior: -0.5% | Range: 0.8% / 0.2%
PPI Input
YoY – Forecast: 0.4% | Prior: -0.2% | Range: 0.5% / 0.1%
MoM – Forecast: 0.5% | Prior: 0.4% | Range: 0.6% / 0.2%
PPI Output
YoY – Forecast: 2.6% | Prior: 2.5% | Range: 2.6% / 2.5%
MoM – Forecast: 0.3% | Prior: 0% | Range: 0.4% / 0.1%

05:00 ET
German IFO’s
Expectations – Forecast: 86 | Prior: 90.5 | Range: 90.5 / 82.2
Business Climate – Forecast: 86.3 | Prior: 88.6 | Range: 88.4 / 77
Current Conditions – Forecast: 86.2 | Prior: 86.7 | Range: 87 / 84.9