Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 20th of April. Here is what to look out for today.

Sentiment
President Donald Trump and Iranian officials offered disparate views on the next stage of the war, casting uncertainty over whether the two sides would meet for peace talks with a ceasefire set to expire in the coming days. Oil and natural gas prices soared after the US Navy seized an Iranian ship during a chaotic weekend that saw Tehran firing at vessels and reimposing controls in the Strait of Hormuz. The United Arab Emirates has begun talks with the US about a financial backstop in case the Iran war plunges the country into further crisis, the Wall Street Journal reported, citing US officials it didn’t identify. Keir Starmer is preparing for a showdown with the senior official he sacked over the appointment of Peter Mandelson as US ambassador, as calls for the prime minister to resign grow.

Docket
02:00 ET
German PPI
YoY – Forecast: -1.2% | Prior: -3.3% | Range: -0.2% / -3%
MoM – Forecast: 1.4% | Prior: -0.5% | Range: 2.5% / 1%