Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 26th of March. Here is what to look out for today.

Sentiment
Oil climbed as the US and Iran offered conflicting comments on efforts to end the war that’s shuttered the Strait of Hormuz, choked off swathes of crude production, and stoked concerns of a global energy crisis. The White House insisted that peace talks with Iran are ongoing, even as Tehran publicly rejected US overtures and issued fresh conditions of its own to end the conflict that’s wreaked havoc across the Middle East and global markets. The Iranian parliament is working on a draft bill to charge a fee in exchange for providing security to ships passing through the Strait of Hormuz, according to the semi-official Fars news agency. Trump administration officials are examining what a potential spike in oil prices as high as $200 a barrel would mean for the economy, according to people familiar with the matter, a sign senior officials are studying the possible fallout from extreme scenarios for the Iran war.

Docket
03:00 ET
German GFK Consumer Sentiment
Forecast: -27.3 | Prior: -24.7 | Range: -19 / -32.2

03:45 ET
French Consumer Confidence
Forecast: 89 | Prior: 91 | Range: 90 / 82
French Business Climate
Overall – Forecast: 96 | Prior: 97 | Range: 101 / 95
Manufacturing – Forecast: 101 | Prior: 102 | Range: 103 / 98