Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday, the 10th of April. Here is what to look out for today.

Sentiment

Trump stated that he was “optimistic” about a deal with Iran, but then threatened Tehran with fees in the Strait of Hormuz, as Israeli strikes in Lebanon and the continued blockade of the critical waterway hampered diplomatic negotiations.

Oil prices climbed for a second day after Saudi Arabia announced that its production capacity had been cut due to attacks on key infrastructure, but futures remain on course for their worst weekly loss since June.

Israel’s PM Netanyahu agreed to conduct talks with Lebanon, as Trump stated that the Israeli leader is “going to low-key it” with strikes on the war-torn country, indicating some hope for de-escalation.

Japanese Finance Minister Katayama said authorities are ready to act on all fronts in the market, taking into account the impact of currency movements on households and the economy.

China escaped industrial deflation after more than three years, as energy costs spiked when the war in Iran affected swaths of global energy supplies.

Docket
02:00 ET
German HICP Final YoY
Forecast: 2.8% | Prior: 2.8%

German HICP Final MoM
Forecast: 2.7% | Prior: 2.7%