Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 14th of April. Here is what to look out for today.

Sentiment
President Donald Trump began a US naval blockade of the Strait of Hormuz, a move intended to raise pressure on Tehran, even as the two countries are weighing another round of talks in hopes of cementing a longer-term ceasefire. Australian consumer and business confidence tumbled as soaring fuel prices coupled with another interest-rate increase triggered dramatic falls in both readings. Oil dropped on signs Washington and Tehran may revive peace talks following the start of a US blockade of the Strait of Hormuz China’s export growth slowed sharply in March from previous months, reflecting intensifying strains on the world’s No. 2 economy as the war in Iran upends global energy supply Australia’s central bank will need to set interest rates at a level that brings inflation back to the 2-3% target. Deputy Governor Andrew Hauser said, adding the board doesn’t have “high confidence” that they’re there yet. Japan’s 20-year government bond auction drew its strongest demand since 2019 as elevated yields attracted investors despite the continuing conflict in the Middle East Federal Reserve Governor Stephen Miran said the energy shock triggered by the Iran war has yet to impact longer-run inflation expectations, and he expects price pressures to return to the central bank’s target in a year’s time.

Docket
04:00 ET
IEA Monthly Report