Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 15th of April. Here is what to look out for today.

Sentiment
The US and Iran are looking to arrange a second round of peace talks in the coming days as a standoff in the Strait of Hormuz worsens a global energy crisis and complicates diplomatic prospects. Oil held a drop, with the US and Iran looking to arrange a second round of peace talks in the coming days, as a blockade of the Strait of Hormuz continued to impede energy supplies vital for the world economy. President Donald Trump’s tariffs may be restored by July to the levels in place before the Supreme Court struck down many of his levies, Treasury Secretary Scott Bessent said. China is planning to issue the largest yuan sovereign bonds in Hong Kong since 2023 this month, increasing supply to global investors just as yuan assets stand out as a haven amid the Iran war. The US eased sanctions against Venezuela’s central bank as the Trump administration pushes to revive the nation’s oil sector following the capture of former president Nicolás Maduro. President Christine Lagarde said higher energy costs have pushed the euro zone away from the European Central Bank’s base-case outlook, though not enough yet to warrant leaning toward raising interest rates.

Docket
02:45 ET
French CPI
YoY – Forecast: 1.7% | Prior: 1.7% | Range: 1.7% / 1.7%
MoM – Forecast: 0.9% | Prior: 0.9% | Range: 1% / 0.9%
HICP YoY – Forecast: 1.9% | Prior: 1.9% | Range: 2% / 1.9%
HICP MoM – Forecast: 1.1% | Prior: 1.1% | Range: 1.1% / 1.1%

05:00 ET
Eurozone Industrial Production
YoY – Forecast: -1% | Prior: -1.2% | Range: -0.5% / -1.9%
MoM – Forecast: 0.3% | Prior: -1.5% | Range: 0.7% / -0.5%