Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 16th of April. Here is what to look out for today.

Sentiment
The US and Iran are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, according to a person familiar with the matter, reducing the risk of renewed fighting despite an intensifying standoff over the Strait of Hormuz China’s economic growth rebounded more than expected in the first quarter of 2026, suggesting limited spillovers so far from the war in Iran and giving policymakers more time to be patient with rolling out additional stimulus. China’s onshore foreign exchange buying surged to a record high in March, driven by robust imports and global market jitters triggered by escalating conflict in the Middle East. Australian unemployment held steady in March as hiring persisted in the face of shockwaves from the US-Israeli war on Iran, which has driven up fuel prices and given another leg up to inflationary pressures. Oil steadied on signs the US and Iran may extend a ceasefire and restart talks to end the war that’s rocked energy markets. The upheaval in the oil market from the near-shutdown of the Strait of Hormuz is more severe than what benchmark crude futures prices are signaling, according to the boss of one of the biggest US shale drillers

Docket
02:00 ET
UK GDP
MoM – Forecast: 0.1% | Prior: 0% | Range: 0.3% / 0%
3M/3M – Forecast: 0.2% | Prior: 0.2% | Range: 0.3% / 0.2%
UK Manufacturing Production
YoY – Forecast: -0.3% | Prior: 1.3% | Range: 0.1% / -0.5%
MoM – Forecast: 0.3% | Prior: 0.1% | Range: 0.7% / 0.1%
UK Industrial Production
YoY – Forecast: -1% | Prior: 0.4% | Range: -0.5% / -2.9%
MoM – Forecast: 0.2% | Prior: -0.1% | Range: 0.8% / -0.2%

05:00 ET
Eurozone CPI
YoY – Forecast: 2.5% | Prior: 2.5% | Range: 2.5% / 2.5%
MoM – Forecast: 1.2% | Prior: 1.2% | Range: 1.3% / 1.2%