Morning Juice – Europe Session Prep
Good Morning Traders.
It is Wednesday the 22nd of April. Here is what to look out for today.
Sentiment
President Donald Trump announced be was extending a ceasefire with Iran indefinitely a day before it was set to expire, even as plans for a fresh round of talks between the two countries fell apart. Oil held a two-day gain after US President Donald Trump extended a ceasefire with Iran, even as peace talks faltered and a blockade of the Strait of Hormuz kept flows locked up Kevin Warsh’s long-awaited appearance for a confirmation hearing before the Senate Banking Committee was a key mile marker on his path to the central bank. Warsh insisted he’d be independent and not bow to pressure from Trump, while also sidestepping questions that might anger the president A majority of economists are now betting the next Bank of Japan increase will come in June, according to a survey by Bloomberg News. Japan’s exports grew at a faster clip in March as demand in China rebounded, while the Middle East conflict hasn’t yet had much impact on imports.
Docket
02:00 ET
UK CPI
YoY – Forecast: 3.3% | Prior: 3% | Range: 3.5% / 3.1%
MoM – Forecast: 0.6% | Prior: 0.4% | Range: 0.8% / 0.5%
Core YoY – Forecast: 3.2% | Prior: 3.2% | Range: 3.3% / 2.9%
RPI MoM – Forecast: 0.7% | Prior: 0.4% | Range: 0.8% / 0.3%
PPI Output Prices
YoY – Forecast: 2.4% | Prior: 1.7% | Range: 3.5% / 1.7%
MoM – Forecast: 1% | Prior: -0.5% | Range: 2% / 0.2%
PPI Input Prices
YoY – Forecast: 1.4% | Prior: -0.5% | Range: 4.8% / 2.8%
MoM – Forecast: 3% | Prior: 0.8% | Range: 4% / 2%
