Morning Juice – US Session Prep (30th March)

Sentiment
Treasuries firmed, supporting US stocks, as fears that the war in the Middle East will trigger a sharp economic slowdown prompted traders to dial back bets on higher interest rates. Brent hit $115 a barrel. The euro is heading for its worst quarter since 2024 as war in the Middle East underscores Europe’s dependency on energy imports and rattles the region’s economic outlook. US and Israeli forces pressed ahead with attacks on Iran while the Islamic Republic launched missiles across the Persian Gulf, sending oil prices higher once again amid no sign of an imminent peace deal. Japan’s top currency official helped strengthen the yen by delivering his strongest warning yet to speculators that authorities may take bold action in markets if current conditions persist. Inflation expectations of euro-area consumers jumped in March – a warning sign for the European Central Bank as it assesses the danger of a renewed price spike due to the Iran war.

Docket
No noteworthy economic indicators

Speakers
10:00 ET
Fed Chair Powell participates in a moderated discussion at Harvard University’s Principles of Economics Class
Text: No. Q&A: Yes, moderator and audience

16:00 ET
NY Fed’s Williams speaks at the Staten Island Economic Development Corporation
Text and moderated Q&A are expected. Media availability is expected.

Good luck!