Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday, the 8th of April. Here is what to look out for today.

Sentiment

The US and Iran agreed to a two-week cease-fire, which is anticipated to put an end to the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz.

Oil fell the most in nearly six years, and stocks surged after the US and Iran agreed to a two-week ceasefire, providing markets with a respite from the turbulence caused by the Middle East conflict. Treasuries rallied, with policy-sensitive two-year bonds leading gains on bets that the Fed will resume interest-rate cuts after oil prices fell on a US-Iran ceasefire.

Japanese workers’ inflation-adjusted salaries climbed at the highest rate since 2021, bolstering the argument for the BoJ to raise interest rates this month.

After maintaining rates, New Zealand’s central bank stated that it is prepared to take decisive action if inflation pressures arise. According to an emailed letter, ASB Bank anticipates the RBNZ to hike the policy rate in September and again in December.

Docket
02:00 ET
German Industrial Orders MoM